India Ed-tech market seen at $10.4bn by 2025
Backed by South Korea’s Samsung group, Ed-tech firm TagHive says its Class Saathi App is now used by over 400,000 students across India, helping teachers embrace a data enabled approach to teaching methods.
TagHive has recorded 300% y-o-y growth and is bullish on prospects in the Indian Edtech market which is estimated to grow to US$10.4 billion by 2025, becoming the second largest market in the world, after the United States.
According to Unified District Information System for Education (USDISE), there are 14.89 lakh schools, (10.22 lakh public schools) and 26.52 crore students in India that stand to benefit from a plethora of tech solutions across varied areas of learning.
Backed by supportive government policies like National Education Policy (NEP) that is promoting digital learning and tech driven solutions, there is a tremendous potential for the sector to grow,” said TagHive.
“And Class Saathi is already transforming the learning experience for Indian K-12 students, with the app being aligned with New Education Policy’s objectives of micro-learning and continuous assessments.”
In the next three years, it aims to work closely with state governments to expand its offerings to public and private school networks across the country, transforming the assessment and learning methodology in the current education system.
It has expanded from 10 schools to 1,800+ schools across India in the past one year. These primarily include public schools in Uttar Pradesh, Himachal Pradesh and Jammu & Kashmir.
The company has also been working with several Indian corporate houses, collaborating with their community welfare programs, and offering tech based self-assessment and performance monitoring tools to government schools across the country.
Speaking about the growth and the vision for Class Saathi, Pankaj Agarwal, Founder & CEO TagHive, said, “The Indian education system is now rapidly embracing tech enabled tools and digital learning, especially after COVID.
“However, the core idea of assessments continues to remain the same for teachers. We recognize that there is an urgent need to close the learning gaps through a tech driven solution that facilitates continuous assessments, consistent performance tracking and data analysis as well as insights.
“And that is where Class Saathi Clickers have started to make an impact. Not only is our solution affordable and accessible even in remote areas with scarce internet penetration, it is also agile to accommodate the varied needs of both English and regional language assessments.
“In the coming years, we aim to become an enabler of choice for students, teachers and educational institutes seeking to enhance their assessments and performance monitoring capacities.”
TagHive was founded in 2017, as a product of Samsung C-Lab, and raised US$2.5 million in a Series A funding to expand operations in India. fiinews.com
