January 2022 | India News
India Edufin Market at a Nascent Stage: Just as demonetization acted as a catalyst for the Fintech industry, India EdTech Industry has been accelerated with COVID coming into the picture. Now, both of these sectors coming together in collaboration making the EduFin sector. This sector is still at a nascent stage, and is yet to see products designed specifically for it.
What we are witnessing currently is a mere use of FinTech Lending space providing access to consumers to only a personalized EdTech space using consumer data points. However, in the coming 5-10 years, core technology like artificial intelligence, machine learning, automation, and others is going to disrupt both EdTech and FinTech platforms in a massive manner. When these two sectors will be disrupted individually, EduFin in turn will also be disrupted in a massive manner – with products being designed specifically for this segment.
The credit score, currently is determined only by looking at the CIBIL score – which is not relevant in a country like India where less than 20% of the population have access to formal credit. Hence, new products which will look at the capability of the individual and provide financing based on that will be included using core technology.
Regulatory Challenge in the Market: Looking at the recent China EdTech regulations, one comes to think what if India EdTech faces a similar regulation hit by the government as well? The current EdTech and FinTech regulations are still very uncertain and are evolving. Real time changes in the regulatory scenario will need to be incorporated considering the dynamism of the industry. Another challenge in the current market scenario is the high level of fragmentation which further leads to a high level of competition in the market place.
Moreover, while dealing with technology, the risk of data leaks can never be left behind. Due to the lack of clear data protection protocols and regulations, there also exists a lack of trust in the online space – especially in tier 2 and tier 3 cities.
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Impact of COVID-19 on India EduFin Market: Despite the adverse effect of COVID on all businesses and the Indian economy, the online education sector in India has been on an ever increasing run. The pandemic has positively impacted the growth of the EdTech market but has led to unsurmountable amount of losses in both business and employment. Hence, liquidity in Indian households became limited, resulting in a boom in the EduFin market. Digital education was already becoming an emerging trend in India, but the onset of COVID-19 acted as a catalyst and accelerated the call to action.
Parents and professionals, who were initially vary of online education, were left with no choice but to adapt to this mode of education to cope up with the increasing competition.
In a fast paced world filled with technological advancements and automations – every individual is looking to learn more new skills and hence stay relevant in the professional world. Even the competition in the world of education has increased to such an extent, that the aspect of ‘fear’ has started to play in the mind of parents and students – resulting in choking the child’s schedule to make them an all-rounder right from the early days, hence taking up more and more courses.
Analysts at Ken Research in their latest publication “India EduFin Industry Outlook to FY’2026 – Driven by High Adoption of EdTech sector and Increasing Investments from Venture Capital Firms” observed that the EduFin (EdTech financing) market in India has a great potential to grow supported by the EdTech industry in the high growth stage in the country. Covid-19 outbreak has further accentuated the growth of the market by shifting all – urban and rural, students and professionals, rich and poor, on online education platforms to continue their learning and development and staying relevant in the industry. India EduFin Market is expected to grow at a CAGR of 44.1% on the basis of loan disbursed over the forecast period FY 2021 – FY’ 2026.
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 Type of Course
- K-12 Supplementary Education,
- Test Preparation
- Online Higher Education
- Upskilling/Reskilling Courses,
EduFin Companies Covered
- Eduvanz
- Propelld
- Bajaj Finserv
- Liquiloans
- Zest Money
- Early Salary
- Capital Float
- GyanDhan
- 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
- India EdTech Market Growth & Size
- 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 FY’2016-21
- 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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