India EduFin industry has observed an upward trajectory over the past 2-3 years and is projected to develop even bigger. Growth in the requirement for EdTech courses due to the pandemic has delivered the boost to the education finance industry. Key aspects responsible for growth of the online segment is broader access to internet and smartphones, healthy investment flow in the EdTech space and government initiatives to encourage the online learning in India.
The Covid-19 pandemic has also pushed the market players in aiming towards advancing their product features, collaborations with EdTech players, and technology for better unit economics. The government has also been playing an energetic role in incubating the space for further growth by launching policies & initiatives likewise NEP – 2020, DIKSHA, SWAYAM for assisting the digital education in India.
Report Analysis and Market Players
According to the report analysis, ‘India EduFin Industry Outlook to FY’2026 – Driven by High Adoption of EdTech sector and Increasing Investments from Venture Capital Firms’ states that Byju’s, Toppr, Vedantu, Unacademy, Doubtnut, Adda247, upGrad, Simplilearn, Edureka, Talentedge, Great Learning, Eduvanz, Propelld, Bajaj Finserv, Liquiloans, Zest Money, Early Salary, Capital Float, GyanDhan, PaisaDukan.com, LenDenClub, Rupee Circle, Lendbox, i2iFunding, LazyPay, Avanse and many more are the key companies which presently working in the India EduFin market more proficiently around the globe over the review period for keep maintaining the governing position, leading the highest market growth, generating the highest percentage of revenue, obtaining the competitive edge and registering the great value of market share by spreading the awareness connected to the applications and advantages of EduFin products, implementing the policies of profit making and strategies of expansion, analysing the strategies and policies of government as well as contenders, improving the qualitative and quantitative measures of such, delivering the better customer satisfaction, and decreasing the associated prices of such.
India EduFin Industry Segmentations
By Number of Loan Disbursed: The maximum number of loans have been distributed in FY’21 to the K-12 classification. The players have proved to have an efficacious track record in the K-12 Segment (such as Aakash, Byju’s and Allen), which fascinates a larger section of the student population to utilize this resource and thus, take up loans.
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By Loan Duration: EdTech courses for a duration less than 1 year were mostly preferred as these courses are required by students & young professionals who aim on test prep and analytical or upskill and re-skill courses.
By Type of City: With growing urbanization and deep internet penetration, Tier 2 and 3 cities in India are gradually becoming digitized and open to new forms of the educational tools.
By Type of Course: Online higher education has underwritten to the greatest amount of loan disbursals in FY’2021 owing to a much greater ticket size as associated to other EdTech sectors across India.
Future Outlook
The industry revenue is projected to develop with a double digit CAGR during the next 5 years. The industry is predicted to augment on the back of burgeoning investor interest in online EdTech companies, growing internet penetration in Tier-2 and Tier-3 cities and advanced technologies enabling the EdTech companies to launch online platforms. Owing to the Covid-19 outbreak, there has been an augmenting traction towards online EdTech courses, which is projected to confirm the substantial growth during the future.
For More Information, refer to below link:-
India Edufin Market Research Report
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