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EdTech companies were the favourite Investment Destination for 2016 with $323 Mil

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While this was a noticeable increase compared to funds raised by EdTech sector in 2015 (which was USD 223 Mil) the funding was warped by how narrow the portfolio was. 26 deals covered the entire funds spent including just four companies taking in USD260 mil (over 70%) mostly well established businesses raising advanced round. Byju's walked away with the biggest haul with USD 150 mil and Narayana Group raising USD 60 mil and Jain Group raising USD 35 mil. While it is a good sign that family owned business groups from traditional education space are re-structuring to become start-up savvy and spinning off new entities to attract start-up capital, it also shows how investors are being either ultra-careful with their funds and not necessarily taking on pure play start-ups with higher risk. There is almost no innovation-driven up start that has attracted funding in the space - and most of it appears to be safe guaranteed return type investments targeted at growth. Full article here: http://tech.economictimes.indiatimes.com/news/startups/with-323m-funding-2016-a-bumper-year-for-ed-tech-cos/56195801 

posted Dec 28, 2016 by anonymous

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