Indian edtech battle heats up as Vedantu joins unicorn club

  • Profitability remains a challenge for Vedantu and its rivals, because the flood of capital that has flowed into the Indian edtech market is intensifying price competition and a race to recruit the best teachers.
  • Vedantu is just one of five edtech unicorns in India.
  • The intense battle for market share in India’s edtech market stands in contrast to China, which announced a sweeping crackdown on after-school tutoring companies in August, requiring all existing companies to register as non-profit and barring foreign investment in the industry, in part to reduce pressure on parents and children.
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