Indian edtech segment looks to make a rebound despite the Byju’s debacle

Picture this: India's edtech market is likely to cross $29 billion by 2030.  The market which is currently valued at ₹64,875 crore ($7.5 billion) is projected to grow to ₹2,50,850 crore ($29 billion) by 2030, according to a report by the Internet and Mobile Association of India (IAMAI) and Grant Thornton Bharat. These figures depict that despite Byju's debacle the market is expected to show resilience. By 2029, the sector is also expected to contribute 0.4 per cent to India's GDP, up from 0.1 per cent in 2020. 

 

As per the IMARC Group, the India edtech market size reached $2.8 billion in 2024. Looking forward, IMARC Group expects the market to reach $33.2 billion by 2033, exhibiting a growth rate (CAGR) of 28.7 per cent during 2025-2033. As per IMARC, the ongoing shift from traditional teaching methods to digital and online learning, which enhances the learning experience, improves accessibility and offers personalised education, is driving the market in India.

 

Many players have also, of late, re-strategised themselves to cash in on the potential growth opportunity in the market. For instance, as per reports, PhysicsWallah is aiming to expand its presence in the Union Public Service Commission (UPSC) test preparation domain through strategic acquisitions, as part of its broader growth and IPO ambitions. 

 

As per reports, the company received funding rounds last year wherein it had raised $210 million from investors such as Lightspeed Venture Partners, GSV Ventures, and WestBridge Capital. 

 

All this had pushed its valuation to $2.8 billion. Similarly, Singapore's Temasek had invested $60 million in Upgrad, maintaining a $2.25 billion valuation, while founder Ronnie Screwvala had increased his stake to 45 per cent. 

 

As per Tracxn till April 2025, EdTech companies in India had raised $18.5 million in equity funding across 11 rounds. In the same period last year (i.e., till April 2024), edtech companies in India had raised $52.6 million across 40 rounds. As per the report, edtech companies such as CollegeDekho, Kraftshala, Weskill, etc., had raised funds during the initial part of 2025. 

 

As per Tracxn, LetsVenture, Accel, Blume Ventures, Kerala Startup Mission, and Peak XV Partners were some of the top investors in the education segment in the country. In the year 2025, till March 2025, 4 acquisitions happened in the edtech sector in India. 

 

Last year, in 2024, a total of four acquisitions happened in the EdTech sector in India. 

 

Interestingly as per Tracxn, the most number of edtech startups in India have been founded by alumni from IIT Delhi, IIT Bombay and IIT Kharagpur. Also, as per Tracxn, in the last 10 years, IIT Roorkee graduates' edtech companies in India have raised the most funding among top colleges. BITS Pilani alumni are second, and Harvard University alumni are third.

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