K-12 Attracted the Largest Investment in Edtech During Last Decade

In this era of information revolution, EdTech offerings powered by advanced technology have spread across various sectors including K-12 education, test preparation, online education, edtech SaaS, skill development and others. Of these, K-12 education has emerged as the most popular sub-sector accounting for more than half of total funding in edtech.

According to data compiled by Inc42, the Indian Edtech sector received over $11.07 billion in cumulative funding between 2014 and 2024. According to Inc42's Indian Tech Startup Funding Report 2024, Indian edtech startups raised over $568 million in 2024, up from $283 million in 2023.

While online certification startups received $216 million in 2024, test preparation ventures secured $212 million in funding last year. Overall, Indian Edtech startups have raised over $11.2 billion in funding across 700 deals over the past 10 years.

Big Chunk Going To Bengaluru

Geographically, Bengaluru remains the primary hub for Edtech startups. Edtech startups based outside the city received $6.9 billion in investment between 2014 and 2024. Mumbai is the second most funded edtech hub in the country, attracting $2.6 billion in investment over the past ten years. The capital, Delhi, ranks third, with over $1.1 billion raised over the past decade.

Sharing his views on the rapid expansion of EdTech in India Varun Satiya Founder and CEO of Kraftshala said on its platform that education has always been a cornerstone of progress, but the last decade has seen an unprecedented transformation in its delivery. India's edtech sector, which is projected to contribute 0.4% to GDP by 2029 and achieve a valuation of $29 billion by 2030, has become a key driver of this change. From bringing classrooms to smartphones to enabling personalized learning, edtech's promise has redefined access.

As far as global Edtech growth is concerned, experts believe that many major countries like the UK and Europe are expected to see significant increase in this sector-specific investment by the late 40s (2040) primarily driven by growing recognition of the role of technology in addressing educational challenges. At the same time, experts also estimate, based on certain research data, that the investment in EdTech sector by 2042 will triple to reach approximately $30 billion per year.