About Edtech

Edtech is used for all the technologies that apply in education. Let’s learn about e-learning in SEA region.

There are some trends in Edtech:

• Digitization of textbooks, education study guides
• Interactive learning
• Online tutoring
• Community/ social network between students-teachers, teachers-parents

1. Potential of elearning in Asia

• There are 600 million K-12 students in Asia, 10x that of the United States.
• The average Asian family spends >40% of their income on education related products and services.
• 60%-96% secondary students receive tutoring outside class.

2. Market share

Globally the market eLearning products reached US$42.7 billion last year and is projected to reach US$53 billion by 2018 (Ambient Insight, 2014)

While the US leads sales, Asia is the second largest market with revenues from eLearning products in Asia projected to reach US$12.1 billion in 2018, up from US$7.9 billion in 2013.

Seven out of the top 10 countries with the highest eLearning growth rates in the world are in Asia — Myanmar, Thailand, Malaysia, Vietnam, Indonesia, Nepal and Pakistan — with growth in these countries above 30%, the report said.

3. How are the investors seeing it?

In 2014, over $2.3 billion invested in Edtech companies. (Fresco Capital).

4. Noticeable funding/ exits of Edtech in SEA

• Quipper School — London-based, but active in the Philippines- Acquired for $39 million
• HarakuEdu – Indonesia- Funded from CyberAgent
• Brainly – Poland-based, but active in Idonesia- $9 million
• Ruangguru- Indonesia- Funded from East Ventures
• Kelase- Indonesia — Funded from PT Insights Investments

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Reference

http://www.universityworldnews.com/article.php?story=20140925164018658

http://frescocapital.com/ed-tech-asia-time-now/

techinasia.com