Swati Dubey

Swati Dubey

More From The Author >>

Inside India's Edtech Ecosystem

As India's edtech ecosystem continues to evolve, there are many VCs and angle investors who are expected to play a crucial role in shaping its future

The last decade has been a shining era of booming edtech startups. A report published by Statista published in 2020 showed that India will have USD 10.4 million net worth in the edtech industry by 2025.

Every year, on September 23, Education-technology Day recognizes and honors the role of technology in enhancing learning for students and teaching for educators. This day also pays tribute to the dedicated professionals who facilitate advanced learning through technology.

Active Investors 

India's booming edtech startup ecosystem has attracted significant investments from a diverse group of angel investors and venture capital funds. These investors play a pivotal role in nurturing and supporting the growth of edtech companies in the country.

Leading the pack is ah! Ventures, with an impressive track record of 24 investments in Indian edtech startups. They are closely followed by Better Capital and Indian Angel Network, which have made 20 and 19 investments, respectively, in this thriving sector.

Unitus Ventures and Inflection Point Ventures also stand out, with 18 investments each in Indian edtech ventures. The Michael & Susan Dell Foundation and LetsVenture have been active participants in the sector, contributing 17 investments each.

Key angel investors such as Kunal Shah have shown a keen interest, backing 15 edtech startups in India. Mumbai Angels and Titan Capital have also made notable contributions with 14 and 13 investments, respectively.

The list goes on, highlighting the commitment of various investors in India's edtech landscape. These investors recognize the immense potential of edtech in transforming education and are actively supporting the growth and innovation within the sector.

As India's edtech ecosystem continues to evolve, these investors are expected to play a crucial role in shaping its future.


Founded in 2011, Byju's launched its learning app in 2015. With 15 million subscribers by 2018, the edtech firm became a unicorn (valued at USD 1 billion) amid much fanfare. It expanded substantially during the Covid-19 pandemic as students turned to online classes during lockdowns.

It has raised a total funding of USD 5.08 billion over 28 rounds. It's first funding round was on Mar 30, 2013. It's latest funding round was a Conventional Debt round on May 12, 2023 for USD 250 million. One investor participated in its latest round, which included Davidson Kempner Capital Management.

The startup boasts a roster of 98 institutional investors, with MIH Ventures standing as the largest among them. Notably, prominent figures like Mohandas Pai, along with 26 others, contribute as Angel Investors to BYJU'S success.


Vedantu is an e-learning company that features an online platform that features real-time personalized learning. This 2014 founded company provides a software platform that connects tutors and students which provides real-time one to one teaching to students online.

Investments and funding of Vedantu

Vedantu, the prominent edtech player has continued to secure substantial funding, with its latest Series E round held on December 2, 2022, raising an impressive USD 19.6 million.

To date, Vedantu has successfully raised a total of USD 328 million across 20 funding rounds, reflecting the continuous support it has garnered from the investment community.

In its recent Series E round, key investors included renowned names like Accel and Catamaran, demonstrating the diverse and influential backers supporting Vedantu's educational initiatives.

These investments reinforce Vedantu's position as a significant player in the edtech industry, poised for further expansion and innovation in the field of online education.

Here is a summary of some of Vedantu's recent funding rounds:

  • December 2, 2022: Series E, USD 19.6 million, featuring investors such as Accel and Catamaran.

  • February 15, 2022: Series E, USD 2 million, backed by Orios Venture Partners.

  • September 29, 2021: Series E, USD 100 million, with investors including ImpactAssets and ABC World Asia.

  • July 10, 2021: Angel round, USD 206 thousand, supported by investors Archin Shah and Ritesh Gandhi.

  • July 16, 2020: Series D, USD 100 million, involving investors like Coatue and Tiger Global Management, among others.


Founded in 2015, UpGrad is an online platform that offers educational services to its clients. UpGrad's range of programs consists of digital marketing, product management, entrepreneurship, data analytics, data-driven management, and digital technology management.

Investments and funding of UpGrad

 UpGrad has secured great investor's support, having raised an impressive total of USD 796.23 million through a series of nine funding rounds. 

In its most recent funding round, upGrad successfully secured a substantial USD 210 million in funding on August 8, 2022. 

Moreover, upGrad's valuation surged to an impressive USD 2,250 million in June 2022, further highlighting its growing influence and market presence. 

Among the notable investors supporting upGrad are Artian Investments, Bharti Airtel Family Office, Bodhi Tree, ETS Global, IFC, IIFL Finance, Kaizenvest, Narotam Sekhsaria Family Office, and Temasek. Their involvement underscores the diverse and influential backing that has propelled upGrad's journey in the edtech landscape.


SaaS-based (Software as a Service)  platform providing multi-disciplinary learning resources and test preparation solutions. It offers live courses for students and enables educators to create video courses on its platform. It provides courses for test preparation, academic subjects, language learning, and more.

Investments and funding of Unacademy 

Over the course of 14 funding rounds, Unacademy has successfully raised a total of USD 875.73 million.

In its most recent funding stage, Unacademy secured USD 440 million in a Series H round on August 1, 2021. This funding round underscores the strong investor confidence in Unacademy's vision and its ability to deliver quality educational content to learners.

The company's valuation reached USD 2,000 million in November 2020, signifying its rapid growth and significant market presence within the edtech sector. 

With the support of 34 investors and a diverse range of backing, including strategic investors and venture capital firms, 

Physics Wallah is an Indian online education technology startup based in Noida, recently became 101 Unicorn of India, originally created as a YouTube channel in 2014 by Alakh Pandey.

Physics Wallah, the online education platform, has achieved a milestone by securing USD 100 million in its latest funding round, which was a Series A round held on June 7, 2022. 

Physics Wallah's commitment to providing high-quality education in the field of physics has garnered attention and support, making it a significant contender in the evolving world of online education. As the company continues to grow, it remains focused on its mission of making physics education accessible and engaging for students.

Disclaimer: The views expressed in the article above are those of the authors' and do not necessarily represent or reflect the views of this publishing house

Tags assigned to this article:

Around The World