Startup Street: Investors Finally Warm Up To Indian Education Startups
10 March 2019 1:35 AM GMT
Edtech startups flourish, a sci-fi style crime detector, Ola?s potential funding and India?s new unicorn?on Startup Street.
- Artificial intelligence gets ready to detect crime before it happens—Hollywood style.
- When Edtech Got Flushed With Funds Deal activity and funding in India’s education technology startups hit an all-time high in 2018 as investors finally started recognising the potential of the sector in a country where a third of the population is below 20 years of age.
- The edtech sector, as it is generally called, attracted private equity and venture capital investments worth $742 million last year, a year-on-year rise of 733 percent, according to a new report by EY India.
- The sector is growing “rapidly” and is set to become a $2-billion market in the next three years, EY said.
- Japan’s Vaak has developed artificial intelligence software that can detect a shoplifter before they even steal.
Next Story
