“India’s Challenges in the EdTech Revolution”

India’s education sector, once considered a thriving industry, is experiencing a significant decline, especially in the EdTech space, both online and offline. As the country with the largest network of higher education institutions globally, India has been a key player in the international education scene. However, the swift shift to online learning during the Covid-19 pandemic has left lasting effects. Although online platforms saw a surge in usage during the lockdown, the previously flourishing EdTech industry is now facing numerous challenges, pushing it toward a potential crisis.

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has been hit hard by a funding crisis. The company, which expanded rapidly during the pandemic, has found it difficult to manage its finances and satisfy investor expectations. In 2023, it faced accusations of financial mismanagement, including the alleged misuse of over $1 billion in loans, resulting in a legal dispute with US lenders.

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“Challenges and Setbacks in India’s Post-Pandemic EdTech Landscape”

The Covid-19 lockdown in 2020 compelled educational institutions to transition fully online, turning platforms like Byju’s, Coursera, and Udemy into widely recognized names. For a while, it appeared that India’s EdTech industry was on the brink of massive growth. By 2022, Byju’s had achieved a valuation of $22 billion, making it India’s most valuable EdTech startup. However, in recent months, the sector has experienced a steep decline.

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Challenges facing offline coaching centers

The downfall of offline coaching centers, once a cornerstone of India’s educational landscape, has been equally striking. Renowned institutions like FIITJEE, Aakash, and Rao’s IAS Study Circle, previously considered premier hubs for competitive exam preparation and drawing thousands of students annually, are now facing significant challenges. Financial struggles, regulatory pressures, and safety issues have all contributed to their decline.