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the largest funded ed-tech companies have stayed away from this segment.
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largest funded ed-tech companies have stayed away from this segment.
Dear Balbir Singh,
The World Bank says over half of the world’s children on earth suffer from learning poverty, or lack of reading skills. Even after they reach the age of 10, they are unable to read simple text. It is a big gap in foundational learning. But so far, the largest funded ed-tech companies have stayed away from this segment. That could be changing now.
While ed-tech players such as Stones2Milestones focusing on reading skills, high-funded ones have also joined the fray. Vedantu has launched Super Readers, and Unacademy spent USD5 million to acquire Mastree, which provides English speaking and writing courses. Byju’s has an array of characters from Lion King, Toy Story, and Frozen on its app to teach English. Two factors are driving the brisk activity in this segment.
Men’s innerwear brand XYXX Apparels has built a steady customer base over the past three years on the back of New Age shoppers’ fatigue with incumbents. But will that be enough to make a mark in the offline space, which is dominated by brands such as Jockey?
More than 13,000 Chinese companies registered as semiconductor-related businesses in the first nine months this year. But only a few can compete with global leaders. Apart from US restrictions, there is a lack of qualified staff, leading to high labour costs
Regards,
ET Prime Team