Education tech firms corner almost all $100 mn bracket funds post Covid

From school students to working professionals, the pandemic has created a large addressable market for start-ups in education tech, or ed-tech, which saw a significant interest from private equity and venture capitalist investors over the last six months.

Among the eight funding rounds of $100 million and above in Indian start-ups during April-September, five involved ed-tech companies like Byju’s, Vedantu, Unacademy and Eruditus. According to data sourced from Venture Intelligence, one-third of the $1.5 billion raised in these eight investment rounds was by Byju’s.
Consider this:

* Byju’s Classes raised $500 million in two rounds in June and September from investors, including Tiger Global, General Atlantic, Silver Lake, DST Global.