The Most Successful Global Edtech Companies in Asia
The EdTech market in the Asian region has been booming in recent years. The Asia-Pacific (APAC) region is forecasted to grow at a CAGR of 15.4 percent from 2017 to 2022, according to a report by TechSci Research. The EdTech market is expected to reach $97.5 billion by 2022, as per the report. These are the most successful EdTech companies in Asia:
1) Udemy: Founded in 2010, Udemy is an online learning and teaching platform that offers courses created by industry experts on topics ranging from programming languages and data science to business and marketing. Over 10 million students have enrolled on the platform since its inception.
2) BYJU’s: BYJU’s was founded by Byju Raveendran in 2009 and has since grown into one of the largest education technology companies in India. The company provides learning solutions for Classes 6 to 12 in the areas of mathematics, science, social science, English and Sanskrit. BYJU’s has raised over $150 million in funding from investors including Tiger Global Management, Tencent Holdings and Sequoia Capital.
3) GetSmarter: GetSmarter is a London-based EdTech company that offers online courses in digital marketing and technology. The company claims to have a presence in 11 countries and employs over 300 people. GetSmarter was founded by ex-Googlers.
4) Simplilearn: Simplilearn is an EdTech company based out of Bangalore that offers corporate training solutions to companies worldwide. The company has been named as the Best Learning Company of the Year at the Tech Awards 2018 hosted by VCCircle.
5) EduKart: EduKart is an online platform offering various educational products for students from KG to Class XII level. The company was founded in 2011 by Arpit Agarwal, who quit his job at SAP Labs after realizing that he could use his skills and experience to solve problems faced by students worldwide using technology and data analytics. EduKart raised $35 million from Sequoia Capital India in 2018.
6) AltSchool: AltSchool was founded by Max Ventilla with a focus on personalized education through technology for children aged 3–14 years old. The San Francisco-based start-up has raised more than $100 million so far from investors including Mark Zuckerberg’s Chan Zuckerberg Initiative (CZI), Peter Thiel’s Founders Fund as well as venture capital firms Andreessen Horowitz and Omidyar Network among others.
The EdTech market is growing globally and is likely to grow further in the coming years. The most successful EdTech companies are from India, China, the United States, and the United Kingdom.
About the Author
I am an educator have over 3 years of experience in product management, technology leadership, startups, angel investing and Edtech. I an EdTech startup Cudy Technologies (www.cudy.co) to help teachers teach better and students learn better using videos and interactive activities. If you are a teacher or student, signup for free at https://cudy.co/sg/register to start teaching and learning better today.
You can connect with me on Linkedin (https://www.linkedin.com/in/alexanderlhk) and let me know that you are a reader of my Medium posts in your invitation message.