India’s education sector, especially offline coaching centres, was once booming. The country played a key role in the global education landscape, with the largest network of higher education institutions in the world. When Covid-19 hit in 2020 and a lockdown was imposed, all classes were forced to go online. Everyone thought this would change education in India forever, breaking down barriers and making quality learning accessible at a click for everyone. Professors recorded their lessons and students began learning at their convenience.<\/p>\n
However, what once was flourishing, began collapsing soon.<\/p>\n
Financial crisis, lower input costs, and cases of illegal registrations have been some of the factors responsible for the downfall of the edtech system in India.<\/p>\n
After years of online education, many parents are sending their children back to offline classes. According to reports, this is mainly due to a lack of motivation.<\/p>\n
Institutes like Coursera, Udemy, and Byjus offer online courses wherein teachers record their lectures or set a time for live discussions and students join in. But a report by Udemy claimed that most students complete just 30 per cent of the content and leave. Some even pay for the course, but never start it.<\/p>\n
Similarly, Byjus which offers online learning programs, has been facing a severe funding crunch. It became popular during the Covid-19 pandemic and its valuation shot up to $22 billion in 2022. But since then, it has faced demands for unpaid dues and allegations of mismanagement. It also allegedly entered into insolvency after US lenders complained to the Supreme Court last year about the misuse of $1 billion borrowed by the company.<\/p>\n
Many key factors such as financial crisis and safety issues recently have contributed to the collapse of the sector.<\/p>\n