HolonIQ India & South Asia EdTech 100
HolonIQ’s annual list of the most innovative EdTech startups across South Asia.
24 November 2020
In November 2020, HolonIQ announced our first annual India and South Asia EdTech 100 — a list of the 100 most promising education technology startups across the region.
There are approximately 3000 EdTech companies across India and South Asia supporting learners, teachers, schools, institutions and companies to positively impact educational outcomes, support access to learning and increase the efficiency of educational processes and systems.
The HolonIQ India & South Asia EdTech 100 recognises the most promising EdTech teams based in Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. This annual list helps to shine a light on education innovation across one of the largest education markets in the world, and the teams who are supporting educational access, efficiency and improved outcomes for learners.
The composition of the 2020 India and South Asia EdTech 100 identifies strong teams across all sectors with relatively even numbers across K12, Higher Education and Workforce. Compared with other geographies, the India South Asia EdTech market is in the early stages of development as the uptake of technology grows with consumers, followed by institutions – this can be seen with almost half of the companies in the 2020 India and South Asia EdTech 100 being less than five years old.
Perhaps not surprisingly, the Tutoring and Test Prep segment is one of the largest, with many EdTech startups focusing efforts on this large B2C market. Workforce upskilling and training is also a large segment, followed by teams supporting education institutions with management systems, analytics and learning environments.
Methodology
The HolonIQ Education Intelligence Unit evaluated 3000+ organisations from the region powered by data and insights from our Global Intelligence Platform.
HolonIQ's Scoring Fingerprint
HolonIQ and select South Asia market experts assessed each organization based on HolonIQ’s startup scoring rubric, which covers the following dimensions:
Market. The quality and relative attractiveness of the specific market in which the company competes.
Product. The quality and uniqueness of the product itself.
Team. The expertise and diversity of the team.
Capital. The financial health of the company and in particular its ability to generate or secure sufficient funding.
Momentum. Positive changes in the size and velocity of the company over time.
Country Profile & Founding Year
Almost half of the companies in the India and South Asia EdTech 100 were founded less than five years ago, an indication of the relatively early stage and growth of this rapidly digitising market. India dominates the geographic split of the 100 given the huge size of this market, with Bangladesh, Pakistan and Nepal also featuring on the list.
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