Educational Technology commonly referred to as Edtech is an electronic ecosystem that provides the luxury of learning education over the internet platforms through your devices. The EdTech business is a sunrise industry that provides educational opportunities to aspirants and organizations to attract investors. This is one of the few industries which survived the Global Pandemics taking advantage of the lockdown situations.
Passive Income :
What exactly is Passive Income?
Also known as Progressive Income, it is an earning that requires little to no effort to earn and maintain. To make it more crystal clear, money flows in regular intervals without putting much effort and consideration into it.
Here are some most common and practically used examples for Passive Income :
- Rental Property
- Business Partnership
- CD ladders
Why Do People Want To Build Passive Income ?
The importance of passive income has been highlighted by Warren Buffet, who says, “If you don’t find a way to make money while you sleep, you will work until you die.”
The best scenario to explain this situation is the current situation we are living in. This pandemic caused a huge depression in the economy which lead to unemployment and shutdown in many industries. Many businessmen and investors to be on the safer side invest their income in sunrise industries according to the economic situation. This protects them from loss of income and keeps a good comfortable bank balance at the time of retirement.
Indian Educational Start-ups and their response to the Global Pandemic.
With the lockdown in effect and the schools/colleges shut down many students turned to Educational platforms such as Byjus, Udemy, Skillshare, and the list goes on. Apart from the Edtech industry, OTT platforms and Pharmaceutical are the only 3 sectors which the investors eyed the most amid the pandemic.
The Indian Edtech witnessed a whopping 4 times increase in its investment compared to 2019. Mathematically, according to data collected by Venture Intelligence, it rose from $409 million in the entire 2019 to $1.5 billion in the first nine months of 2020.
With over 260 million students in 700+ universities ranging from high schoolers to graduates who take the competitive exams every year at all levels look for educational institutes that would make their dream come true, India truly is a big ocean with big fishes for the fishermen.
– Vaibhav Patil (Corporate Trainer, Author)