Edtech leads investments in education sector; $1.1 bn poured in 2020

With Covid-19 changing how education is imparted, education sector received the highest-ever annual investment in this year

Amidst lockdown, the education sector continues to be one of the big bets for investors, education, especially edtech, has recorded investments worth $1.1 billion in 2020, its highest-ever annual tally and four times compared to last year. Investors say they will continue to see the maximum investment in 2020.

The pandemic has confined students across all ages to home and digital education is the only way to continue learning. High penetration of low-cost internet (4G) has made accessibility possible. With parents confined to home, even students without personal mobiles now have access to learning material through parents's phones

According to