
EdTech boom and bust: Who is surviving now?
The HinduAs of 2023, the edtech industry in India, the second largest market base globally after the United States, is valued at ₹ 3 lakh million. Jaro Education, UpGrad, Eruditus, TimesPro, Coursera are some companies that are focused on online higher education as well as upskilling and certification courses. With the National Education policy 2020 being implemented at the undergraduate and postgraduate levels since last year, this space has seen several changes, said Siddhant Patnaik, co-founder and COO of Skyy Skills Academy, an edtech company founded in 2018 that has collaborated with institutes like IIT Kanpur for short term courses, IIT Guwahati for long-term training programs, Automotive Skill Development Council, Symbiosis Institute and others. The ‘Online Education In India 2021’ report by KPMG and Google India showed that online degree courses are most sought after in regions of the country with less access to high quality institutions. In banking, fintech courses are gaining popularity and there is growing interest in corporate governance and financial reporting especially among CFOs and financial reporters.” Companies like Skyy Skills whose major base is current students or recent graduates also collaborate with major players like Ashok Leyland, Bosch, TVS or Ultratech so as to facilitate upskilling and industry-specific courses which increase their job prospects.
History of this topic

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