Business Standard

Edtechs' Budget wishlist: Lower taxes, higher funding, greater incentives

Struggling with drying investment, dealing with cost cutting, the sector hopes Budget eases the pain

online education

Edtech firms believe that the high taxes deter students and professionals from investing in education

Sarthak Choudhury New Delhi
The education technology (edtech) sector, once a darling of investors, has seen a downturn in form. At the peak of the pandemic, edtechs took over as a key source of education, after playing second fiddle to offline classes for a long time.

With the pandemic subsiding in the latter part of 2021 and schools reopening, the sector saw its revenues take a hit. And 2022 added to its woes. A number of edtech start-ups such as Udayy, SuperLearn and Lido shut shop, and many others resorted to cost-cutting measures, including firing their employees.

So, the sector is watching the forthcoming

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First Published: Jan 24 2023 | 4:08 PM IST

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