Is Indian Edtech Industry failing or flying?

Is Indian Edtech Industry failing or flying?

Dhwani Beri

Dhwani Beri

Here is to understand mass layoffs on one side and decent funding happening simultaneously. India is now the biggest home to some of the largest EdTech companies having a global marquee investor base.

The digitization of education has reshaped the education methods, curriculum, techniques, and practices. During Covid 19 pandemic, we have witnessed a huge boom in the edtech industry. Almost all Edtechs observed a hockey stick growth as students, institutions were confined to their homes and forced to adopt online learning to continue their formal education. One of the biggest winners was Zoom whose stock price went from ~$76 in Jan’20 to $478 in Nov’20, that’s 600% in less than a year. Zoom was not even an EdTech, but Zoom Classes became a household affair during covid, they almost became synonyms to online classes during this crisis.

If we talk about 2020, the EdTech startups show a total investment of USD 2.22 billion in comparison to USD 553 million in 2019. So almost 92 players attracted good funding in 2020, out of which 61 players received seed funding. It is being revealed that it is only Byjus and Unacademy that raised most of the capital. in 2020.

The synergy of education and technology has changed the way of learning. In short, we have moved towards hybrid learning after the advent of Edtech. Due to the advent of Edtech, internet penetration in India is expected to reach 45% by the end of 2025. According to a report released by the Data labs by Inc42, almost 186 Edtech start-ups growth spurt is registered till now primarily driven by the K-12 segment.

Though there are some EdTech that are facing a crisis due to the reopening of schools and colleges, resulting in falling valuations or slowing of funding rounds. As per the data shared by Crunchbase, global venture funding fell by 10 billion dollars in February. But this is not permanent, there are many schools and educational institutions that are looking forward to doing partnerships with the edtech start-ups, to make education and education-related information easily accessible for all.

EdTech companies now have changed their metrics to show their growth. Now they are showing the growth through the number of paid enrollments which they are planning to achieve through their team of salesmen and not through learning outcomes or results.

Byjus is already working on this business model to be on the top, in February Byjus announced its tuition center by naming it a “First-of-its-kind comprehensive program’’. Byjus is targeting to enroll 1 million students in tuition programs.

Not only Byju’s, other edtechs like Cuemath, Internshala, and Physicswala are also have unique business models. If we talk about Cuemath, they have raised USD 57 Million recently which is approximately 442 Crores as a fresh funding from Alpha Wave. Cuemath is one of the most popular online math edtech tutoring platforms.

Internshala is now becoming the most popular platform to help students in getting Summer internships. Through Internshala, students can apply for internships in big brands including Decathlon, Oyo, Reliance, Kotak Mahindra Bank, etc.

Learning is an important step in every student’s journey. Physics Wallah offers live lectures to encourage the students to explore the concept in depth instead of memorizing. It’s also a very unique business model and the best example of hybrid learning. As per the sources, Physics Wallah is expected to raise $100 million with West Bridge GSV ventures. The start-up is also planning to expand in categories like K-10 and open several more PW Pathshalas across India.

Hybrid learning is the key USP edtech industry. This helps Edtech in keeping a stronghold in the education sector. It is a key to ensuring quality teachings and getting the best learning outcomes. It’s a powerful combination of physical classroom techniques and e-learning. It has created a newer avenue for students and learners all across the nation.

Why, Vision, Mission, Values

When describing Oxford’s commitment to its clients, many words come to mind — passion, excellence, quality, leadership, expertise. But beneath the surface, one word, above all others, creates the foundation for our core beliefs: Fiduciary.

Though the term has become a buzzword for financial services across the media and in the public consciousness, there are few firms that can actually boast of their dedication to the truest definition of the word. This is why, for us, the word fiduciary ties into our vision and our values. More than just a buzzword, fiduciary has a legal mandate attached to it by the Securities and Exchange Commission: We are legally, and without bias, giving you our best advice.

Which animation course is best for me?

Animation is the art of bringing inanimate objects or characters to life, a world where reality meets imagination. It involves special effects, graphics and software technologies that create virtual experiences. The animation industry is witnessing a host of opportunities, as television channels, movie makers and the entertainment sector are finding the animation techniques suitable for a different visual experience. Recognizing this potential, the Indian market is suddenly waking up to the need of this growing industry. Animation studios and training institutes cater to the growing need to build skilled manpower for this market.

Those who have completed the higher secondary school certificate examination (10+2) or equivalent with any three science subjects such as physics chemistry, biology or mathematics, are generally eligible to apply to the Bachelor of Science (B.Sc.) in Animation and Multimedia. Other requirements may be in place, depending on the school. Many colleges conduct entrance exams for admission to the course. Besides creative thinking, the basic skill requirement remains the same: drawing skills and understanding of motion, size and composition. Also, you should be familiar with the various modes of drawing methods available in the software. As the industry is highly dependent on technology, a basic understanding of mathematics, physics and computer language is important.

After completing the course, graduates can look for employment in the advertising business, entertainment industry, gaming industry, graphics designing and website designing business. These professionals may contribute to the development of graphic rich images and multimedia content by working as character animators, graphic designers or visual effect supervisors.

Read more: Scope of Animation

A B.Sc. in Animation and Multimedia degree can be your response to the growing need for skilled professionals in the industry. The programme can help students to gain knowledge and expertise in multimedia, graphics and animation applicable in print, film and web media. The course may provide students with an understanding on various animation techniques to develop innovative methods to complete high-end content. It may equip you with fundamental skills in traditional and digital animation techniques. The course may also help you to develop effective communication and presentation skills.

Topics Covered in B.Sc Animation & Multimedia

Various universities provide regular as well as the distance education mode in B.Sc. Animation and Multimedia. The duration of the course is three years. The entire course has total of six semesters (two per year). Every college or university may have its own course structure.

The first semester may cover basics of animation, computer programming languages and technical English. In the second semester, students may be required to take papers on digital art and graphics. In the third semester, subjects such as 3-D animation, composing and editing, color theory and multimedia could be included. The fourth semester might consist of subjects such as layout and perspective, sketching and the production process. The fifth semester might cover subjects like gaming technology and web design. In the final semester, students may take subjects like filmmaking labs, script writing and visual effects. A project could be required during this semester. Each semester tends to include both theory and practical papers.

Colleges Offering B.Sc. Animation

Some colleges that offer a B.Sc. in Animation or B.Sc. in Animation and Multimedia are listed below:
Vellore Institute of Technology, Vellore
Birla Institute of Technology, Noida
Arena Animation (various campuses across India)
Frameboxx Animation & Visual Effects (various campuses across India)
Picasso Animation College (various campuses across India)
University of Pune

Also Read: Top 10 Animation Colleges in India

However, programmes are subject to change, it is advisable to check directly with an institute for current programme availability.

  • “B.Sc (Multimedia & Animation),” VIT University, http://www.vit.ac.in/site/animation.asp
  • “B.Sc in Multimedia,” Picasso Animation College, http://www.picasso.co.in/index.php?option=com_content&view=article&id=56&Itemid=69
  • “B.Sc. Degree in Multimedia & Animation,” Arena Animation, http://www.arenamultimedia.in/bsc.aspx
  • “Frameboxx Degree Program”, Frameboxx, http://frameboxx.in/bsc-degree-program/
  • “Proposed Structure of B.Sc. (Animation),” University of Pune, http://www.unipune.ac.in/Syllabi_PDF/revised_2012/sci/FY_BSc_Animation_9-7-12.pdf
  • “Undergraduate Programmes,” Birla Institute of Technology, http://www.bitmesra.ac.in/cms.aspx?this=1&mid=25

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