The education market is massive yet highly underpenetrated: Vedantu CEO
nNEW DELHI: Online education startups have benefited immensely from the shutdown of schools and colleges, as they tried to fill the gap with online classes. Investors, too, have jumped on to the edtech bandwagon, even as funds dried up for startups in other sectors. Edtech startup Vedantu raised $100 million in July at a valuation of $600 million, making it the second-most valuable online education startup in India after Byju’s. Virtual is becoming the new normal in learning and is the key to driving growth during the coronavirus pandemic, said Vamsi Krishna, co-founder and chief executive officer, Vedantu. Edited excerpts from the interview:
Online learning has seen exponential adoption among students during this pandemic, and schools, as well as institutes, have switched to an online mode to ensure that India’s learning never stops. This continues to benefit students.but switching from offline to online platforms has been a challenge for many teachers, as they were not used to conducting classes in the virtual world. We expect to see more momentum with new users experiencing the benefits of online learning. issues are prevalent in India. There is also a misplaced notion about the use of gadgets. Time spent on gadgets and overuse is linked to many unpleasant outcomes.online learning, when done in moderation and with guidance, can help unlock the potential of each child.