Competition
Vedantu eyes 1 Million paid users by FY22endedit
Elets Online – Online Web
Live online tutoring platform Vedantu has seen a significant increase in the number of users entering the platform and the company is aiming for its paid user base to reach one million by March next year. Vedantu, which rivals players like Byju, has also launched a national initiative: V.O.T.E (Vedantu Online Talent Exam), which includes an assessment test for students in grades 5-12.
Industry
India’s ecommerce sector to touch $99 bn by 2024edit
Fortune – Online Web
According to the report, last year, India’s edtech startups raised over $2.2 billion in funding with Bengaluru-based Byju’s alone accounting for $1.4 billion in funds raised. The pandemic has accelerated the growth of the edtech sector in India as the market size is estimated to grow 3.7x in the next five years, from $2.8 billion in 2020 to $10.4 billion by 2025.
IPO Season: When Indian game companies go publicedit
Telangana Today – Online Web
The experience is quite good, and this is a worthwhile venture for Nazara. I expect the app to keep growing as it is subscription-based and while Byju’s offers a better experience with its partnership with Disney, Nazara’s offering can keep narrowing the gap if they continue to be committed towards building a more intuitive experience.