Record $1.95 Bn Funds Received By Ed-tech Firms In 2020 Due To COVID-19
India's 'ed-tech' business, with big players like Unacademy and Byju's, has reported a record funding of $1.95 billion in 2020. Reportedly, the growth measured from the beginning of 2020 till present showed a 31% increase than the combined funding of $1.48 billion in the last five years. Experts have believed that the investments had increased due to an increased demand owing to the closure of schools in the pandemic.
Tags: India, Online education, Inc42 Plus, business, Investment, Ed-tech
Courtesy: The Indian Express