As growth slows, India’s edtech soonicorns are losing touch with their valuations

Teachmint had the largest revenue multiple, close to 5,000. According to the data, the company had $96,595 in revenue and was valued at $500 million in March 2022.

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The data is crucial because over the previous two years, funding for the edtech sector has drastically dried up.

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The demand for online learning surged during the two pandemic years, 2020 and 2021, which gave the edtech industry a huge boost.

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The demand for online learning did, however, diminish when traditional tuition centres reopened and students flocked to them.

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Global edtech companies, including Coursera, Udemy, and Chegg Inc., have all seen major declines in valuations over the previous year.

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Teachmint had the largest revenue multiple, close to 5,000. According to the data, the company had $96,595 in revenue and was valued at $500 million in March 2022.

The data is crucial because over the previous two years, funding for the edtech sector has drastically dried up.

The demand for online learning surged during the two pandemic years, 2020 and 2021, which gave the edtech industry a huge boost.

The demand for online learning did, however, diminish when traditional tuition centres reopened and students flocked to them.

Global edtech companies, including Coursera, Udemy, and Chegg Inc., have all seen major declines in valuations over the previous year.

businessoutreach.in