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January 02, 2017

With $323M funding, 2016 a bumper year for ed-tech cos: Economic Times

An ET article quotes Venture Intelligence data on its report on VC investments in Edtech companies:
The year 2016 has become a bonanza for the education sector, which has received investments of $323 million - surpassing the previous high of 2014 when ed-tech companies raised $223 million

Strategic investors were also quite active this year, data from Venture Intelligence shows. Text book publishing company S Chand, which had raised $26 million led by IFC in 2015, has become an active strategic investor (backing several startups including Testbook). The EduPristine deal saw US-based DeVry Education Group, while Tabtor got participation from John Katzman, founder of The Princeton Review.
Related Reading:

PE/VC Investments in Education spike up in 2016

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