Edtech investment cooling in 2023 but growth outlook remains strong

One sector that has been severely affected by the prevailing funding winter is the education technology (edtech) space, notably for companies operating in the K2-10 segment.

A leading example is Byju’s, a company that has come to epitomise the challenges facing this sector. Despite the struggles that Byju’s and similar firms are grappling with, there is an irrefutable need for both online and offline educational solutions to address India’s widespread educational issues.

This assessment becomes even more poignant as the nation has just celebrated Teacher’s Day, a day dedicated to the foundational role of educators in society.