Largely driven by increasing demands for skill-based courses and a desire for personalized learning experiences, especially from smaller cities known as Tier II and Tier III cities​. Looking ahead, the market shows no signs of slowing down. The EdTech space in India is projected to grow to around $10 billion by 2025. This growth is supported by several factors including high internet penetration, an increase in digital content consumption, and a rising demand for skilled young professionals​​.

Univo Education

Univo Education is an online platform focused on higher education that partners with leading universities globally to offer accessible and affordable online degree programs. The company leverages technology to provide a broad range of educational services designed to enhance the learning experience and make higher education more flexible for students around the world​. 

Univo Education has significantly expanded its educational offerings and scaled its operations, showing strong year-over-year growth. The company aims to double its personnel by the end of the fiscal year, reflecting its rapid expansion and the increasing demand for online educational services

Univo Education has recently raised a significant amount in Series A funding, totaling $76 million, which has propelled the company to a valuation of $220 million. Under Banerjee’s leadership, Univo Education has seen substantial growth, tripling its learner base year-over-year, which reflects the increasing demand for online higher education.

NxtWave

NxtWave is an EdTech platform dedicated to bridging the gap between academia and industry demands. They specialize in offering vernacular, asynchronous, and cohort-based training programs in Industry 4.0 technologies. Their courses cater to college students, graduates, and early career professionals, aiming to prepare them for new-age tech careers.

The startup was founded by a trio of alumni from prestigious Indian institutes: Sashank Reddy Gujjula (IIT Bombay), Anupam Pedarla (IIT Kharagpur), and Rahul Attuluri (IIIT Hyderabad). Their combined expertise has spearheaded NxtWave’s focus on making high-quality tech education accessible across India.

NxtWave has made significant inroads into the EdTech space by partnering with over 1,250 companies including tech giants like Amazon and Google. This network has enabled thousands of NxtWave learners to secure employment, showcasing the platform’s effectiveness in meeting the skilled talent requirements of various industries.

NxtWave recently raised $33 million in a Series A funding round led by Greater Pacific Capital, with participation from existing investor Orios Venture Partners. Greater Pacific Capital led the recent funding round and Orios Venture Partners is a returning investor, who also continues to support their growth.

Board Infinity

Board Infinity is an EdTech startup that specializes in providing short skilling courses across various emerging technologies and management roles. These courses are delivered by industry experts through live classes, aiming to equip students and professionals with the necessary skills for the evolving job market.

The company was founded by Abhay Gupta and Sumesh Nair in 2017 with a vision to address the skills gap in the industry. Board Infinity has made significant strides in education technology by boosting learning engagement, with more than 90% of customers completing their courses—a stark contrast to the typical 10% completion rate for self-paced online courses.

This EdTech platform boasts a network of over 700 experts and has impacted more than 100,000 learners and job seekers. It’s especially focused on expanding access to quality education and career opportunities in Tier 2 and 3 cities.

Board Infinity has raised approximately $320,000 in angel funding. several prominent angel investors, including Ambarish Raghuvanshi, former CFO of Info Edge; Maheshwer Peri, founder of Careers360; and other individual investors from major organizations like Bain & Co, Tata group, and Microsoft​ has shown interest in the startup.

Leverage Edu

Leverage Edu is an educational platform that offers comprehensive counseling and application support for students aiming to study abroad. Founded by Akshay Chaturvedi in 2017, the company provides a full range of services, including helping with college admissions, securing education loans, and managing international money transfers and student accommodations​.

Akshay Chaturvedi, the founder and CEO of Leverage Edu, leads the company with a vision to make overseas education accessible for students from emerging countries like India, Nigeria, and Nepal. Under his leadership, the platform has grown to facilitate a monthly enrollment of over 6,000 students​. 

The platform also launched the ‘Study Abroad with LeverageEdu’ app, which has garnered over a million downloads, further enhancing its digital reach and accessibility​.Recently, Leverage Edu secured $40 million in a Series C funding round led by Educational Testing Service (ETS). This latest funding round includes a mix of $25 million in equity and $15 million as debt, bringing the company’s total raised funds to approximately $70 million. 

The company is currently valued at around $150 million​. Leverage Edu has attracted investment and support from notable entities such as Blume Ventures, DSG Consumer Partners, Kaizenvest PE, and Educational Testing Service (ETS).​

Classplus

Classplus is a mobile-first SaaS EdTech platform that empowers educators and tutors to transition their offline classes to an online format efficiently. This platform provides tools for managing classes, distributing educational content, handling payments, and tracking student performance, all integrated into a single application. It aims to democratize education by enabling educators to reach students across geographical boundaries​ 

Classplus was co-founded by Mukul Rustagi and Bhaswat Agarwal, who were inspired to start the EdTech company based on their personal experiences with the inefficiencies they observed in traditional coaching centers. 

Since its inception, Classplus has grown significantly, with the platform being used by over 100,000 educators. It has shown particular success in Tier II and III cities in India, indicating its effectiveness in regions that are typically underserved by the mainstream educational technologies​.

Classplus has recently raised $70 million in a Series D funding round led by Alpha Wave Global and Tiger Global. The platform has also attracted significant investment from prominent firms like Tiger Global Management and Alpha Wave Global, reflecting strong confidence.

Wrapping Our EdTech Journey

As India’s EdTech landscape continues to flourish, the fusion of technology and education is transforming the nation’s learning paradigm. New trends are shaping the future of education in India. These include the integration of artificial intelligence and virtual reality to create more interactive and engaging learning experiences. Additionally, there’s a shift from traditional learning to more application-based, skill-focused educational models.