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Top 10 Edtech Companies in India

December 24, 2024December 24, 2024startupstoryhubComment(0)

According to the Times of India, recent technological advancements have transformed how people consume and learn from education in India, especially in the post-pandemic era. The Indian e-learning sector is emerging as one of the largest in the world. Recently the Edtech sector has gained tremendous financial success and recognition across the country through their prime focus on making education easily accessible to every child. Let’s delve deep into the education-technology industry and find out the “big fishes” (Top 10 Edtech Companies in India) of the Indian Edtech Industry.

Table of Contents

Unveiling the 10 Best EdTech Companies in India

1. Unacademy

Founded in 2015 and headquartered in Bengaluru, Karnataka, Unacademy aims to build the world’s largest online knowledge with multilingual education. The company hosts live sessions and video lectures to help students prepare for standardized exams. Covering 200 exams and 60 exam categories, this education company also has offline centers across India. Besides this, it also covers exams like IIT JEE, NEET UG, and UPSC CSE.

Particulars	Details
Name	Unacademy
Founded	2015
Owner	Gaurav MunjalHemesh SinghRoman SainiSumit Jain
Headquarters	Bengaluru, Karnataka
Industry	EdTech
Valuation	$3.4 billion
Revenue	Rs 988 crore

2. BYJU’s

Established in 2011, BYJU’s is another name in the list of Top EdTech Companies in India that is headquartered in Bengaluru, Karnataka. This is an app that serves the students of primary classes. Whether on mobile or desktop, it offers one-on-one tutoring sessions. Supporting millions of students and having reach in more than 100 countries, BYJU’s offers a study curriculum and a 24/7 helpline for math, coding, reading, and music.

Particulars	Details
Name	BYJU’s
Founded	2011
Owner	Byju RaveendranDivya Gokulnath
Headquarters	Bengaluru, Karnataka
Industry	EdTech
Valuation	$22 billion
Revenue	Rs 5,298 crore

3. UpGrad

upGrad: Established in 2015, is among the trailblazers of the online education movement, enhancing the career success of more than 1.3 billion individuals of working age. It is among the few Integrated LifeLongLearning Tech Companies in the world, covering the age group of 18 to 55+ years, right from the college learner to a working professional. Along with its courses, upGrad collaborates with universities and organizations to give an overview of the master’s and doctoral degrees, certifications, or tech boot camps.

Particulars	Details
Name	upGrad
Founded	2015
Owner	Ronnie Screwvala
Headquarters	Bengaluru, KarnatakaMumbai, Maharashtra
Industry	EdTech
Valuation	$2.25 billion
Revenue	Rs 1,876 crore

4. Vedantu

Founded in 2011 and headquartered in Bengaluru, Karnataka, Vedantu is a live online learning platform bringing together students and teachers for the best results. With its superior learning platform, the company ensures that the queries of the students are resolved immediately. Vedantu makes live learning engaging and fun by making students participate in quizzes & activities and allows them to have a personalized learning experience from teachers.

Particulars	Details
Name	Vedantu
Founded	2011
Owner	Vamsi KrishnaPulkit JainAnand PrakashSaurabh Saxena
Headquarters	Bengaluru, Karnataka
Industry	EdTech
Valuation	$920 million
Revenue	Rs 169 Crores

5. Next Education

Inaugurated in 2007 and headquartered in Hyderabad, Telangana, Next Education is another name among the top 10 EdTech Companies in India. This company is a SaaS-based end-to-end education solutions provider for K–12 education. They have created technology-driven, user-friendly, and learner-centric products as a part of their academic offerings to make quality education affordable and accessible for every student.

Particulars	Details
Name	Next Education
Founded	2007
Owner	Beas Dev RalhanRaveendranath Kamath
Headquarters	Bengaluru, Karnataka
Industry	EdTech
Valuation	$42.9 million
Revenue	Rs 155 crore

6. Classplus

Headquartered in Noida, Uttar Pradesh, and founded in 2018, Classplus is a platform that aims to transform teaching by digitally empowering educators. They allow teachers and coaches to design their own course materials from syllabi and study guides. Moreover, with the help of the company’s app, teachers can track attendance, and performance assessment, create assignments, distribute study material, and track students’ payment.

Particulars	Details
Name	Classplus
Founded	2018
Owner	Mukul Rustagi Bhaswat Agarwal
Headquarters	Noida, Uttar Pradesh
Industry	EdTech
Valuation	$554 million
Revenue	Rs 265 crore

7. Extramarks

Extramarks was founded in 2007 as a edtech Startup to develop educational solutions for students, educators, and schools to enhance the classroom experience. Having a huge presence in India, South Africa, Indonesia, and the Middle East, the company is among the fastest-growing EdTech companies in the world. They have digitalized the way education is perceived and delivered and provide students with self-study, test prep, and live class resources.

Particulars	Details
Name	Extramarks
Founded	2007
Owner	Atul Kulshrestha
Headquarters	Noida, Uttar Pradesh
Industry	EdTech
Valuation	$68.8 million
Revenue	Rs 300 crore

8. Simplilearn

Simplilearn is headquartered in San Francisco, California, USA. This company connects users with online tech courses and certifications, in topics ranging from AI and data science to business and digital marketing. They have also partnered with universities or organizations to ensure reliable learning material and official certification. The company’s practical and applied approach has helped 85% of learners in getting promotions or new jobs.

Particulars	Details
Name	Simplilearn
Founded	2009
Owner	Krishna Kumar
Headquarters	San Francisco, California, USA
Industry	EdTech
Valuation	$605 million
Revenue	Rs 773 crore

9. Collegedunia

Established in 2014 and headquartered in Gurugram, Haryana, Collegedunia has successfully established itself as one of the leading EdTech Companies in India. The organization is dedicated to assisting students and parents by providing genuine information about over 27,000 colleges, 7000+ courses, and 350+ exams. It is an educational search engine that provides information about higher education programs, admissions, exams, and courses in India and abroad, enabling users to compare top universities.

Particulars	Details
Name	Collegedunia
Founded	2014
Owner	Sahil Chalana
Headquarters	Gurugram, Haryana
Industry	EdTech
Valuation	$218.9 million
Revenue	Rs 73 crore

10. Planetspark

Since 2017, Planetspark has given online public speaking and creative writing classes for learning communication skills in English. Featuring different curriculums specific to grade K-12 and adult learners, it holds live classes about grammar, storytelling, presentation skills, and much more. Based in Gurugram, Haryana, it has been proud to cater to more than 40,000 learners worldwide.

Particulars	Details
Name	Planetspark
Founded	2017
Owner	Kunal MalikManeesh Dhooper
Headquarters	Gurugram, Haryana
Industry	EdTech
Valuation	$17.2 million
Revenue	Rs 42 crore

Last But Not The Least

In this guide, we’ve covered the best 10 EdTech Companies in India, that have successfully established themselves in this rapidly changing market. We understand that technology is transforming the way education is perceived and learned. With the help of these EdTech companies, education has become accessible to everyone. With this, we end this guide here hoping that you got some relevant information about the EdTech companies.

FAQs

1. What does an EdTech company do?

An EdTech firm creates and delivers services that leverage technology for teaching, learning, and education administration.

2. Is EdTech a good career?

EdTech is a booming market with great scope to grow in the coming years, therefore, it is a good career for tech enthusiasts, educators, and IT experts.

3. Why is EdTech so successful?

Edtech is successful because it makes significant advances in technology in the Education sector, thus making education accessible to everyone.

4. What is India’s rank in EdTech?

India is ranked as the second-largest market for e-learning in the world after the United States.

5. How many EdTech companies operate in India?

Anticipatedly, India has over 17,722 EdTech companies that are assisting millions of students.

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Startup India

The entrepreneurial scenario in India has changed over the last decade. The Indian government is supporting innovation through its Startup India initiative, creating employment opportunities and accelerating economic growth. In this blog, let's discuss Startup India, including its objectives, benefits, and eligibility criteria; also, know how to get a startup registered under this initiative.

What is Startups ?

A startup is the early stage of a company that is formed to develop a unique product or service, introduce it into the market, and scale it to make substantial revenues. Startups are an important part of innovation, job creation, and diversification in the economy. In India, startups play a critical role in driving technology adoption and solving complex challenges in areas such as healthcare, education, and financial inclusion.

Characteristics of a Startup

Innovation: Key concentration in developing new products, services, or processes.
Scalability: Ability to grow rapidly with low incremental costs.
Disruption: Challenge traditional business models or industries.

Importance of Startups in India

Job Creation: Startups are significant employment generators.
Economic Growth: Contribute to GDP by introducing new industries.
Technological Advancement: Drive innovation and technology adoption.

What is the Startup India Initiative?

Startup India is one of the flagship initiatives of the Government of India, launched on January 16, 2016. It aims to build a robust ecosystem that nurtures innovation and startups across the country. The idea is to give an impetus to economic growth and employment generation in a substantial way. Startup India seeks to encourage entrepreneurship by giving a boost to innovation and design, thus leading to the growth and success of the startup ecosystem.

Standup India Scheme Standup India scheme was announced on April 5, 2016, to finance new enterprises, to boost the entrepreneurship culture in India. The program ensures the availability of loans through the Scheduled Commercial Banks (SCBs), between ₹10 lakh and ₹1 crore to at least one member of the Scheduled Caste (SC) and Scheduled Tribe (ST), and at least one woman, per bank branch. The support in this new scheme is granted to businesses in the trading, services, or manufacturing sectors. This will supposedly help about 250,000 borrowers.

Key Objectives of Startup India

Making Business Easier: Simple rules, compliance, and legal steps.

Financial Help: Provide access to government funds and venture capital.

Building Skills: Offer training and mentorship programs.

Encouraging Innovation: Support research and development with grants.

Features of Startup India

Startup India Hub: This is a place where startups can connect with investors and mentors.

Fund of Funds for Startups (FFS): This is a ₹10,000 crore fund managed by the Small Industries Development Bank of India (SIDBI).

Tax Benefits: Eligible startups can get exemptions from income tax and capital gains tax.

Startup Recognition: Startups can receive official recognition from the Department for Promotion of Industry and Internal Trade (DPIIT).

The Startup India scheme eligibility criteria

If you want to get funding through the Start-up India scheme, you need to meet certain eligibility requirements. Knowing these requirements well will help you successfully go through the application process.

Business Experience: Start-ups applying for this scheme must have been operating for more than five years.
Age Requirement: Applicants must be at least 18 years old.
Company Structure: To get funds under this scheme, the company must be either a partnership or a private limited company.
Turnover Limit: The company should have an annual turnover of no more than Rs. 25 crore.
No Reconstruction: Start-ups that have emerged from the splitting or restructuring of an existing business are not eligible for this scheme. Companies that have divided an organization into two or more parts will be disqualified.

If a company is developing a new product or service, it can benefit from the Start-up India policy.

Here are the requirements:

The start-up must create, utilize, or sell a product or service that is based on new technology or intellectual property.
The focus should be on enhancing an existing product or developing a new one that adds value for customers or improves workflow.
The start-up must not engage in projects that are not unique or do not provide value to customers or enhance workflow.

To get a Startup India loan, start-ups must secure various approvals and submit specific documents:

Obtain approval from the Inter-Ministerial Board under the Department of Industrial Policy and Promotion (DIPP).
Acquire a recommendation from an incubator affiliated with a recognized post-graduate college.
Secure a recommendation from a government-recognized incubator.
File a patent for your product or service and have it published in the Indian Patent Office Journals.
If your services involve funding and equity, register with the Securities and Exchange Board of India (SEBI).
Provide a funding letter from any state or central government scheme that supports innovation.

How to Register Under Startup Under Startup India Scheme?

Step 1: Start Your Business

The first step in starting your business is to choose a legal structure, such as a Private Limited Company, Partnership, or Limited Liability Partnership (LLP). You will need to complete the standard registration process, which involves submitting an application and obtaining a Certificate of Incorporation or Partnership registration.

Step 2: Register with Startup India

Once you have created your business, the next step is to register it as a startup. This process is straightforward and can be completed online. First, visit the Startup India website and click the 'Register' button. Enter your name, email address, and mobile number, then create a password and click 'Register.' You will receive a One-Time Password (OTP) in your email. Enter this OTP and provide additional information, such as your user type, business name, and the stage of your startup. Finally, click 'Submit' to create your Startup India profile. Completing this registration will help your business be recognized as a startup under the Startup India scheme, granting you access to various benefits and support.

Step 3: Obtain DPIIT Recognition

After creating your profile on the Startup India website, the next step is obtaining recognition from the Department for Promotion of Industry and Internal Trade (DPIIT). This recognition provides benefits such as quality intellectual property services, relaxed public procurement rules, self-certification for labour and environmental laws, simplified winding-up procedures, access to the Fund of Funds, and tax exemptions for three years.

Step 4: Submit the Documents for Registration

To complete the registration process and obtain DPIIT recognition for your startup, please submit the following documents:
1. The incorporation or registration certificate of your startup.
2. Proof of funding, if applicable.
3. An authorization letter from the company's authorized representative
4. Evidence of your concept, such as a website link, pitch deck, or video (this applies to startups at the validation, early traction, or scaling stage).
5. Information regarding any patents and trademarks you hold.
6. A list of any awards or certificates of recognition you have received.
7. Your Permanent Account Number (PAN).

Step 5: Self-Certification of Eligibility Conditions

You need to confirm that your business meets the following conditions:
1. Your business must be a Private Limited Company, Limited Liability Partnership (LLP), or partnership firm.
2. Your business has been registered in India for no more than five years.
3. Your company's turnover does not exceed ₹100 crore.
4. Your company is consistently innovating or improving existing systems.
5. Your business is based on an original idea, rather than a split or reorganization of an existing business.

Step 6: Obtain Your Recognition Number

When applying for registration, you will receive your recognition number immediately. The authority will send you the certificate of registration or incorporation after reviewing your uploaded documents. Ensure that you upload accurate information to avoid errors, as mistakes can lead to fines of up to 50% of your paid-up capital or a minimum of Rs. 25,000. By fulfilling the eligibility and registration requirements, your company can participate in the Startup India scheme and enjoy various benefits provided by the government.

Wrapping Up

The Startup India initiative has revolutionized the entrepreneurial landscape in India by offering financial, regulatory, and infrastructural support. If you’re an entrepreneur with an innovative idea, registering under this program can unlock numerous opportunities for growth and success. Begin your startup journey today and contribute to India’s transformation into a global hub for innovation.