Over a period of time, the way we perceive education has changed and COVID has a big hand behind this transformation. Online learning or e-learning has become the new normal post-pandemic thanks to the plethora of ed-tech startups in India. However, the lack of access to quality education due to weak finances still remains the same.
Traditional loan lending was an option but not the go-to choice of everyone due to interest rates. But in the last 10-24 months, the collaboration of ed-tech startups with Fintech companies are trying to fix this void in India. How? Well, in this latest white paper, we are going to talk about how the rise of the EduFin industry in India is the next wave of value creation in edtech.
1. With the beginning of the 21stcentury, the Indian education sector is in a third wave of revolution
2. Presently, India is emerging as a leading EdTech market by Revenue & an ever growing market for Up-Skilling & Re-Skilling Courses
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3. Edtech platforms are collaborating with FinTech companies to enable quality education accessible to more and more students
4. These education finance startups are making learning affordable for millions of students in India
5. FinTech companies generally offer zero cost loans to individuals pursuing vocational/educational courses from a recognized institute
6. Currently, the Indian EduFin Market is at an Early Growth Stage, with promising opportunities in the future
7. Increasing Investments from Venture Capital Firms and Government initiatives will enable the Indian EduFin industry to experience double-digit growth in the next five years
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