INTRODUCTION
India’s EdTech marketis one of the world’s largest
market. Students learn through apps,videos,live
classes.
Main areas:
School learning (K–12)
Competitive exams
Career and skill-based courses
3.
BYJU’S – K–12& test prep, early market leader
Physics Wallah (PW) – Low-cost JEE/NEET prep
Vedantu – Live online tutoring for school students
Unacademy – Exam prep (UPSC, SSC, banking, etc.)
Toppr – School and test prep, now part of BYJU’S
upGrad – Higher education and job skills
Adda247 – Government exam preparation
Doubtnut – App for solving school/student doubts using AI +
human support
TOPPLAYERS
4.
PLATFORM REVENUE FUNDING/VALUATION
BYJU’SNot disclosed (facing major losses) Was $22B (₹1.8 lakh Cr) – Now in crisis
PHYSICSWALLAH ₹772 Cr (FY23 standalone) $210M raised (2024) → Valued at $2.8B
VEDANTU ₹284 Cr (FY25 est.) Over $300M raised
UNACADEMY ₹988 Cr (FY24) $880M total funding → $3.4B valuation (2021)
UPGRAD ₹1,547 Cr (FY24 net revenue) $320M+ raised →Valued at $2.25B (2024)
TOPPR Not disclosed (now part of BYJU’S) $112M raised before being acquired (2021)
ADDA247 Not public – profitable ₹160 Cr raised →Estimated $1B valuation
DOUBTNUT Not public Raised ~$90M
HOWTHEYACQUIRECUSTOMERS?
YouTube channels: PW,Unacademy, Adda247, Doubtnut
Online ads & webinars: Vedantu, upGrad
TV ads & school partnerships: BYJU’S, Toppr
Offline presence: PW and Unacademy have coaching centres
App-based distribution: Adda247, Doubtnut, Unacademy
7.
PLATFORM STRENGHTS WEAKNESSES
BYJU’SStrong legacy & wide reach Financial troubles, overexpansion
PHYSICSWALLAH Affordable, trusted teachers Limited to few fields only
VEDANTU Live classes, growing sustainably Less known than BYJU’S
UNACADEMY Wide exam coverage + influencers Still making losses
UPGRAD Career-focused, high ROI High cost & stiff competition
TOPPR Freemium model, school prep Loss of brand identity after 2021
ADDA247 Deep reach in government exam space limited to few areas
DOUBTNUT AI + human doubt solving, regional reach videos quality-not good
8.
MARKET TRENDS 2025
Peoplewant
quality +
affordable
education
YouTube-
based
learning is
trusted
more
Offline +
Online
(Hybrid) is
growing
Companies
are focusing
less on ads
and more
on results
9.
FINALKEYTAKEAWAYS
BYJU’S downfall isreshaping the EdTech
hierarchy
Physics Wallah and Vedantu are leading
affordable, profitable models
Specialization wins: Adda247 (govt jobs),
upGrad (skilling)
Sustainability, trust, and reach will define the
next wave of EdTech leaders