Funding in the Indian edtech sector has seen a significant decline this year, with a 48% drop compared to 2022 and a 50% drop compared to 2021. Only one fundraising round worth over $100 million has occurred so far this year. The majority of funding in the sector has been obtained in the second quarter, accounting for 73.4% of total capital raised. The decrease in funding is attributed to decreasing demand for online education, ongoing funding constraints, rising interest rates, and economic uncertainties. The number of funding rounds has also significantly dropped.
Indian edtech funding plummets by 48% in 2023 compared to last year
- Thread starter hanuman
- Start date