EdTech startups in India have redefined the face of formal education in India. attending school or college class lectures is not enough to meet the rising needs of employment. Moreover, many are finding it difficult to attain quality education from the traditional modes of education. The supplementary education market in India for school students is estimated to be close to $25 billion and is expected to touch $30 billion by 2020.
A lot of startups have come up in this space to address these pain points. While some have online courses, some others are providing career advice. While some startups are helping students prepare for competitive examinations, some are making learning a more enjoyable experience with Virtual Reality.
Let us have a look at the top five EdTech startups in India:
Gyan Labs
One of the primary reasons Indian students feel demotivated or lose interest in classroom education is because of its one-size-fits-all classroom education model. Both students and their parents are unhappy about this but found no help. Bengaluru-based Gyan Labs realized the criticality of the issue and came forward with its adaptive, mobile-friendly learning platform for K-10 students. Gyan Labs presents gamification- based learning that tests what a child already knows and helps them retain their learning. The B2C (to parents) platform comes with a monthly fee of Rs 199-349 per student.
Also, Gyan Labs allows parents to assess students and suggests remedial steps for addressing their learning gaps. Available in English and vernacular medium, the EdTech brand was launched in April 2016 and has more than 250 student accounts created who have solved over 3,000 questions.
Katalyst Eduserve
Quite often, employers have seen that despite coming out of premier institutions students are clueless about their true potential. This often leads to career mismatches. Even though India has the second largest and youngest workforce in the world with a median age of 25; only 0.01 percent of the population is skilled enough to qualify as ’employable’.
Chennai-based Katalyst Eduserve answers this business challenge by offering a competency-based assessment complementing credit-based education, to ensure better academic outcomes and a rewarding career. It offers you a ready-to-use package that includes assessment, academic comparison, personal counseling, parent and teacher interaction, career guidance and yearly engagement of a personal trainer and comes with a price between Rs 100 – Rs 6,000.
PixelBenchmarks:
PixelBenchmarks is an online mock test platform for users aspiring to perform well at exams. Mapped to the updated syllabus and changed examination patterns, the mock test banks are available at an affordable rate. Users may enroll for basic, intermediate or advanced levels of one or more subjects. Registered users can take a free sample test to see for themselves.
In addition, PixelBenchmarks provides performance metrics with explanations, to help users prepare better. It operates on a pay-as-you-go model and generates revenue mainly through exam fees (to be paid by students) and registration fees (paid by resource providers), and advertisements.
PixelBenchmarks, an initiative by Pixel Solutionz, aims at competing with the big shots in online tutoring or classroom coaching, with its unique pay-as-you-go model and liberty to choose from academic resource providers.
XPrep
Identifying a tutor with conducive practices and continually engage with them is a major challenge faced by parents today. Home tutors, who are marketing their practices in an over-crowded space, often fail to identify or assess remediation needs is a major challenge for students. Recent research has shown that formal education accounts for nearly 12% of expenditure on average Indian families and over 89% of parents depend on curriculum-based assistance for their children.
Delhi-based XPrep is addressing the visibility and engagement problem within the tutor-parent network by inviting home-based tutors under its sway. It empowers these tutors with technology to cater to the growing needs of their students. More than 80 tutors have partnered with XPrep and are serving over than 3,500 students across India.
Edudharma
Did you know that almost five percent of students drop out of higher education institutions because they fail to afford rising education expenses? What if there is a non-profit organization that disburses funds to needy children?
Well, someone heard our prayers it seems. Edudharma, a Chennai-based EdTech startup addresses this through an online crowdfunding platform for NGOs, corporates, individuals, and others to fund student needs. Within 100 days of launch, the company raised Rs 12,16,801.
Want to add more to the list? Let us know.
