EdTech is changing the face of education in India, and this shows in the substantial amount of funding they have been able to raise and the change in the mode of education preferences that has been noticed in a span of year.
The global size of the education sector was $5.4 trillion (6.9 per cent of global economy) in 2015 as per estimates by World Bank and IBIS Capital. Venture capital is pumping into edtech. Of the $86 billion aggregate VC deal value globally, education sector attracted $1.9 B (2.2 per cent of total deal value) in 2014 as per estimates by Preqin and CB Insights. EdTech companies seem to have master technologies to disrupt the way tuition and coaching are delivered to students.