EdTech is a large and diversified subject that focuses on facilitating learning through the use of computer hardware, software, and educational ideas. It covers remote learning technology and software, as well as the most successful methods for teaching individuals new skills and knowledge. “Education technology” is shortened to EdTech. Due to the increasing spread of pandemics and the closure of educational institutions, remote learning has become the top EdTech trend for 2020. In the next five years, India’s EdTech market is expected to grow by 3.7 times, from $2.8 billion in 2020 to $10.4 billion in 2025. The worldwide EdTech market is paving the road for a more inclusive and brighter future. The market has changed the sector with new innovative and creative educational platforms. Duolingo and Chegg are two startups that are booming.
Here is Insider Monkey’s list of the top 10 most valuable EdTech companies in the world. ApplyBoard is a portal that links foreign students, recruitment partners, and academic institutions. More than 1,500 primary, secondary, and post-secondary educational institutions in Canada, Australia, and the United States have partnered with the company. It presently has over 7,500 recruitment partners on board. Udemy, a massive open online course provider established in the United States, is one of the most popular global markets for teaching and learning. In a Series F fundraising, the company raised $50 million at a $3.25 billion pre-money valuation. Articulate, an e-learning software vendor, enables customers to create interactive courses that function across all devices. Articulate has a presence in the United States, Canada, Germany, France, Spain, Italy, and Japan, and works in 161 countries. VipKid is an EdTech startup located in China that offers an online English language learning platform. With 150 million one-to-one lessons, the company’s clients climbed 3.6 times in the first half of 2020. It has recognized the widespread use of AI in online education. In 2011, Luis Von Ahn, the inventor of CAPTCHA and reCAPTCHA, and Severin Hacker co-founded Duolingo. Duolingo is a language learning platform that runs in over 30 countries and offers over 30 languages. For more details, click 10 Most Valuable EdTech Companies In The World.
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