Amid funding crunch, edtech startups tread an alternative path to success

According to data from Tracxn, a market intelligence platform, investments in the edtech sector took a plunge from $4.1 billion across 322 deals in 2021 to $2.5 billion in 2022 across 164 deals

It is not all doom and gloom for the Indian edtech sector. The sector has managed to grab headlines as the funding winter made them revisit their growth plans leading to layoffs and other cost-cutting measures.

The likes of Byju’s, Vedantu, upGrad among others were the worst hit as growth fuelled by the pandemic began to slow down and students preferred returning to offline modes of learning.

While bigger firms, which focus largely on the K-12 segment, are going through a tumultuous period, edtech start-ups focused on alternative avenues of learning have managed to not only raise funding but also