EdTech: The educational reformation

If reformation is another term for transformation and transformation a sign of development, then the education system in India has experienced it all in a slow and steady manner in the past few years. The sector has witnessed everything – a dramatic increase in the number of students, an increase in the number of schools, colleges, and institutes, an emergence of blended learning, a shift from offline to online mode of teaching, experiential learning – thus changing students' perspective of educational content.

The last decade has witnessed new paradigms in the education sector - students are now embracing the concept of blended learning. This need of the students paved the way for the evolution of the EdTech platforms. Since a large number of e-learning options are now available, India will soon become the second-largest market after the US.

EdTech players have always performed well and recorded healthy turnovers even before the pandemic. It was only during 2020 when the pandemic became a prism, and humankind began evaluating all other risks through it. It crippled world economies. Education got affected by the closure of schools, colleges, universities, and educational institutes. As a result, the crisis-struck students had to resort to online education, which then became the need of the hour. The massive inflow of investments and acquisitions took place. The EdTech market is booming in India, and its testimony lies in the fact that over 400 new ed-tech startups came up in India in the last two years.