Despite Byju's setback, edtech sector rebounds slightly with funding uptick

The Indian edtech industry is beginning to recover after experiencing a steep decline in funding following the pandemic-induced surge, according to a report by market intelligence firm Tracxn, as reported by the Financial Express.

Although still in recovery, edtech remains the third-largest sector globally in terms of cumulative investment. So far in 2024, it has attracted $215 million in funding, reflecting a slight improvement compared to the total $321 million secured in 2023. The 2023 total funding figure represented an 87 per cent drop from the $2.4 billion raised in 2022, highlighting the sector' s ongoing challenges.