EdTech Bluprint - Winter 2024
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The “EdTech Bluprint” offers a strategic analysis of the edtech sector, divided into four key sections. It starts by examining major shifts in edtech over the past 24 months, then broadens the lens to assess macroeconomic influences on education. From there, it narrows in on Blume Ventures’ perspective of the edtech opportunity landscape, and finally, provides a deep dive into specific areas ripe for growth and innovation.
Resource
Since our last version of EdTech Bluprint in 2022, we’ve seen a reduction in investor interest in the space & most of the investments are happening at a growth stage. But folks are still studying! EdTech might be receiving less love, but education is still as essential as ever.
India is still home to 25% of the world’s children. There are 265 million K‑12 students in India and 43 million students pursuing higher education.
With just 22 Indian universities featured in the QS World University Rankings and the growing demand for seats in these ‘prestigious’ institutions, acceptance rates range from a mere 0.7% to 3%, far lower than those of top universities abroad. This disparity reflects the increasing desire among 55% of Indian parents to send their children overseas for higher education, seeking better opportunities and global recognition.
Only 45% of Indian graduates possess the skills required to meet industry demands. It reveals a clear divide, with 44% being employable for technical roles while over 53% are suited for non-technical jobs.
We cover how the survivors went about it by driving demand, ensuring payment collections, driving post programme outcomes, building prestigious institutions & bringing an optimal LTV:CAC.
Authors
Marmik Mankodi
Marmik is excited about opportunities in consumer tech, consumer apps, consumer services & ed tech.He has spent 9 years working at startups & scaling up notable brands in India & Southeast Asia. Marmik was an early…- Current Section
- Vice President, Investment
- Sector
- Domestech
Nachammai Savithiri
Nachammai supports the Consumer investments practice at Blume. She is a graduate from IE University, Madrid, holding a Master's Degree in Digital Business & Innovation.Nachammai comes from the other side of the table,…- Current Section
- Analyst
- Sector
- ConsumerTech, Commerce & Consumer Brands, HRTech, EdTech, Media, Entertainment & Gaming
Harini A
Harini is a second-year Bachelor of Commerce (Honors) student at Shri Ram College of Commerce and interned with Blume in the winter of 2024. She has a deep passion for Bharatanatyam and enjoys exploring different cuisines in her free time.- Current Section