India EduFin Industry Outlook to FY’2026
Driven by High Adoption of EdTech sector and Increasing Investments from Venture Capital Firms
January 2022
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About the Report
About the Report
The report also elucidates the customer profiling for the EduFin industry in India. The report adds context to the dynamic nature of the EdTech & EduFin industry by providing trends & developments, challenges faced and the various regulations put in place by the government. Moreover, the report also covers the overall competitive landscape which is based on certain parameters. The report concludes with projection for the future of the industry, Covid-19 impact, analysts’ take on the future, and interviews with key industry leaders and professionals in the space.
India EduFin Industry Overview and Size
India EduFin industry has witnessed an upward trajectory over the past 2-3 years and is expected to grow even bigger. Growth in the demand for EdTech courses owing to the pandemic has provided the boost to the education finance industry. Key factors responsible for growth of the online segment is wider access to internet and smartphones, robust investment flow in the EdTech space and government initiatives to promote online learning in India.
The Covid-19 pandemic has also pushed the market players in focusing towards improving their product features, collaborations with EdTech players, and technology for better unit economics. The government has also been playing an active role in incubating the space for further growth by launching policies & initiatives such as NEP – 2020, DIKSHA, SWAYAM for supporting the digital education in India.
India EduFin Industry Segmentations
By Number of Loan Disbursed: The maximum number of loans have been disbursed in FY’21 to the K-12 classification. The players have proved to have a successful track record in the K-12 Segment (such as Aakash, Byju’s and Allen), which attracts a larger section of the student population to use this resource and thus, take up loans.
By Loan Duration: EdTech courses for a period less than 1 year were mostly preferred as these courses are demanded by students & young professionals who focus on test prep and analytical or upskill and re-skill courses.
By Type of City: With increasing urbanization and deep internet penetration, Tier 2 and 3 cities in India are slowly becoming digitized and open to new forms of educational tools.
By Type of Course: Online higher education has contributed to the highest amount of loan disbursals in FY’2021 owing to a much higher ticket size as compared to other EdTech sectors in India.
By Payment Mode: Most of the loans were disbursed by NBFCs as they cover 100% of the tuition fees, travel expenses, lab fees and exam fees with flexible payment options.
Competitive Landscape of India EduFin Industry:
The competition in the EduFin space in India is moderately fragmented with presence of 25+ players in the industry. The competition parameters include factors such as Major EdTech Partners, Loan Tenure, Segments Catered, Processing Fee, Foreclosure Charges, Technology and Value Added Services. The major players include Bajaj Finserv, Eduvanz, Propelld, Zest Money, Liquiloans & Early Salary. Players in the space differentiate across different EdTech courses, interest fee and product offerings.
India EduFin Industry Future Outlook and Projections
The edufin industry revenue is expected to grow with a double digit CAGR in the next 5 years. The industry is expected to grow on the back of burgeoning investor interest in online EdTech companies, rising internet penetration in Tier-2 and Tier-3 cities and advanced technologies allowing EdTech companies to launch online platforms. Due to the Covid-19 outbreak, there has been an increasing traction towards online EdTech courses, which is expected to ensure substantial growth in the future.
Key Segments Covered
India EdTech Industry:
- By Type of Course
- K-12 Supplementary Education
- Test Preparation
- Online Higher Education
- Upskilling/Reskilling Courses
India EduFin Industry:
By Number of Loans Disbursed
- K-12 Supplementary Education
- Test Preparation
- Online Higher Education
- Upskilling/Reskilling Courses
By Loan Duration
- 0-6 Months
- 6-12 Months
- 12-18 Months
- 18+ Months
By Type of City
- Tier 1
- Tier2
- Tier3
By Type of Course
- K-12 Supplementary Education,
- Test Preparation
- Online Higher Education
- Upskilling/Reskilling Courses
By Payment Mode
- NBFC
- Credit Cards
- Nationalized Banks
EdTech Companies Covered
- Byju’s
- Toppr
- Vedantu
- Unacademy
- Doubtnut
- Adda247
- upGrad
- Simplilearn
- Edureka
- Talentedge
- Great Learning
EduFin Companies Covered
- Eduvanz
- Propelld
- Bajaj Finserv
- Liquiloans
- Zest Money
- Early Salary
- Capital Float
- GyanDhan
- PaisaDukan.com
- LenDenClub
- Rupee Circle
- Lendbox
- i2iFunding
- LazyPay
- Avanse
Key Target Audience
- Ed-Tech Companies
- Independent Investors
- Venture Capital Firms
- Universities
- Corporate Training Companies
- Government Ministries
- Fintech Companies
Time Period Captured in the Report:-
- Historical Period – FY’ 2016 - FY’ 2021
- Forecast Period – FY’ 2021 - FY’ 2026
Key Topics Covered in the Report
- India EduFin Industry Overview
- EdTech Industry Market Size FY’2016-21
- Customer Cohorts and their Needs
- India EdTech players Cross Comparison
- Government Initiatives
- India EdTech Industry Segmentations
- India EduFin Ecosystem - By Type of Companies
- India EduFin Market Introduction - Definition
- India EduFin Customer Profiling
- India EduFin Industry Size
- India EduFin Industry Segmentations
- Cross-Comparison of Major EdTech Players
- Cross-Comparison of Major EduFin Players
- SWOT Analysis of India EduFin Industry
- Trends & Developments in India EduFin Industry
- Relationship Model of EdTech Players
- Case Study - Byju's and Capital Float
- RBI Regulations - NBFC - Digital Lending
- Setting up as an NBFC
- NPA regulations and how to protect downside
- Future Market Size and Segmentations, FY’2021-2026F
- Covid-19 Impact on India EduFin Market
- Analyst Recommendations
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Key Segments Covered
India EdTech Industry:
- By Type of Course
- K-12 Supplementary Education
- Test Preparation
- Online Higher Education
- Upskilling/Reskilling Courses
India EduFin Industry:
By Number of Loans Disbursed
- K-12 Supplementary Education
- Test Preparation
- Online Higher Education
- Upskilling/Reskilling Courses
By Loan Duration
- 0-6 Months
- 6-12 Months
- 12-18 Months
- 18+ Months
By Type of City
- Tier 1
- Tier2
- Tier3
By Type of Course
- K-12 Supplementary Education,
- Test Preparation
- Online Higher Education
- Upskilling/Reskilling Courses
By Payment Mode
- NBFC
- Credit Cards
- Nationalized Banks
Key Target Audience
- Ed-Tech Companies
- Independent Investors
- Venture Capital Firms
- Universities
- Corporate Training Companies
- Government Ministries
- Fintech Companies
Time Period Captured in the Report:-
- Historical Period – FY’ 2016 - FY’ 2021
- Forecast Period – FY’ 2021 - FY’ 2026
Companies
EdTech Companies Covered
- Byju’s
- Toppr
- Vedantu
- Unacademy
- Doubtnut
- Adda247
- upGrad
- Simplilearn
- Edureka
- Talentedge
- Great Learning
EduFin Companies Covered
- Eduvanz
- Propelld
- Bajaj Finserv
- Liquiloans
- Zest Money
- Early Salary
- Capital Float
- GyanDhan
- PaisaDukan.com
- LenDenClub
- Rupee Circle
- Lendbox
- i2iFunding
- LazyPay
- Avanse
Table of Contents
Table of Contents
1. Executive Summary - EduFin Industry in India
1.1 How is the EduFin Industry Positioned in India?
2. India EdTech Industry Overview
2.1 Revolution in the Education Sector
2.2 Demand Side Ecosystem: Pre-K & K-12 Learning Space
2.3 Demand Side Ecosystem: Higher Education & Continued Learning Space
2.4 Main Customer Cohorts and their Need
3. India EdTech Industry Size
3.1 India EdTech Industry Size, FY’2016-FY’2021
3.2 EdTech Market Segmentation by Type of Course, FY’2016-FY’2021
3.3 K-12 & Test Preparation Sector in EdTech
3.4 Online Higher Education Sector in EdTech
3.5 Upskilling & Reskilling Courses in EdTech
4. India EdTech Industry Analysis
4.1 Present Day Pain Points of Working Professionals, College Grads and Employers
4.2 Recent Trends in Indian Ed-Tech Landscape
4.3 Key Factors determining the Choice of Courses
4.4 Skill Needs by Sector
4.5 Challenges Faced by Ed-Tech Companies
4.6 Challenges faced by EdTech Companies to Realize Profits
4.7 Recent Funding Rounds in EdTech Start-ups
4.8 Government Initiatives to Promote Online Learning (2/2)
5. Competition Landscape of Top K-12 & Test Prep EdTech Players (Byju's, Toppr, Vedantu, Unacademy, Doubtnut, Adda247)
5.1 Cross Comparison of Top K-12 & Test Prep Companies basis Year of Establishment, Company Overview, Market Share, Engagement Model, Financial Help/ Features Offered, EduFin Partners, Business Strategies, Marketing Strategies, Global Operations, Other Services, Partnerships, Strengths, Recent Developments, Total Funding, Valuation, Alexa Rank (Global & India), Daily Page Views, Daily Time on Site, Bounce Rate & Annual Renewal Rate
6. Competition Landscape of Top Online Higher Education & Upskill-Reskill EdTech Players (upGrad, Simplilearn, Edureka, Talentedge, Great Learning)
6.1 Cross Comparison of Online Higher Education & Upskill and Reskill EdTech Companies basis Year of Establishment, Company Overview, Market Share, Engagement Model, Financial Help/ Features Offered, EduFin Partners, Business Strategies, Marketing Strategies, Global Operations, Other Services, Partnerships, Strengths, Recent Developments, Total Funding, Valuation, Alexa Rank (Global & India), Daily Page Views, Daily Time on Site & Bounce Rate
7. India EdTech Industry Future Market Size
7.1 India EdTech Industry Future Market Size, FY’2021-FY’2026
7.2 New & Upcoming Trends in EdTech Industry
7.3 Overcoming the Challenges in Current Education System
7.4 Next Wave of EdTech in India
8. India EduFin Industry Overview
8.1 Industry Life Cycle of India EduFin Market
8.2 India EduFin Market Ecosystem
8.3 India EduFin Market Relationship Model
8.4 Overview of FinTech Industry in India
9. India EduFin Industry Size
9.1 India EduFin Industry Size, FY’2016-FY’2021
9.2 Segmentation: By # of Loans Disbursed, FY’2021
9.3 Segmentation: By Loan Duration, FY’2021
9.4 Segmentation: By Type of City, FY’2021
9.5 Segmentation: By Type of Course, FY’2021
10. India EduFin Industry Analysis
10.1 SWOT Analysis – India EduFin Industry
10.2 New Trends & Initiatives in India Education Finance Industry
10.3 Customer Profiling for India EduFin Market
11. Regulations Governing EduFin Industry
11.1 Setting up as an NBFC
11.2 RBI Regulations – Digital Lending by NBFC
11.3 Regulations for FinTech Companies
11.4 NPA under Education Loans (2/2)
12. Competition Landscape of India EduFin Industry
12.1 Competition Overview & Market Share
12.2 Cross Comparison basis Strength and Weakness
12.3 Cross-Comparison of Major EduFin Players (Bajaj Finserv, Propelld, Liquiloans, Eduvanz, Zest Money, Early Salary & Others) basis Product Features, Average Loan Size, Average Loan Tenure, Loans offered for Segments, Interest Rate, Down Payment, Major EdTech Partners, Foreclosure Charges & Processing Fee
13. India EduFin Industry Future Market Size & Segmentations
13.1 India EduFin Industry Future Market Size, FY’2021-FY’2026
13.2 Future Segmentation: By # of Loans Disbursed, By Loan Duration, FY’2021 & FY’2026
13.3 Future Segmentation: By Type of City, By Payment Mode, FY’2021 & FY’2026
13.4 Future Segmentation: By Type of Course, FY’2021-FY’2026
14. Impact of Covid-19
14.1 Impact of Covid-19 on Education Sector
14.2 Impact of Covid-19 on EdTech & EduFin Players
15. Byju’s + Capital Float Case Study
15.1 Byju’s + Capital Float Case Study (2/2)
16. Analyst Recommendations
17. Industry Speaks
18. Appendix
Research Methodology (9/9)
Disclaimer
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