Thursday, December 8, 2022
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Impact of COVID-19: Ed Tech companies witness surge as universities, schools go online

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The education industry is another sector that has hit adversely in the current global scenario. But the sector has bounced back, thanks to the digital era. The current situation has led to the closing down of schools, universities, coaching institutes and other educational institutes following the spread of the COVID-19. This has further affected the students and aspirants preparing for their future. But as the educationist believe that learning should not stop, hence physical education has moved to the virtual world. While most of the schools and universities across India and the globe are offering online classes, on the other hand, there are ed-tech platforms like Simplilearn, UpGrad, Catalyst, Brainly, etc offering online education. Many students and professionals are signing up for online classes, for entrance exams like the JEE, NEET, UPSC, SSC or for upskilling. Even school students are making the best of this social distancing phase.

As a result, a clutch of ed-tech players, such as UpGrad, Catalyst, Brainly, Simplilearn, etc has seen a sharp rise in new users.  Online users who have enrolled with Simplilearn for courses on cybersecurity, Cloud, DevOps, AI, and data sciences have jumped 15% in March. Similarly, Catalyst Group, online learning platform has witnessed a 30-40% rise in admissions in the last two to three days and also the number of students regularly attending the online classes has increased. Daily watch minutes are almost doubled in the past two to three days as students are at home and attending regular classes.

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