E-tutoring companies are raking in the moolah
In February 2013, serial entrepreneurs K Ganesh and Meena Ganesh sold their entire stake in TutorVista, an online tutoring company, to UK's Pearson for $213 million. However, the potential of the sector was so overwhelming that the husband-wife duo returned to the fray with Avagmah, a portal with online courses for working professionals. “There is an evolving disruption in this space. Everyone is becoming a learner at their own convenience, their own time, leisure and place and everyone is becoming a teacher too, and there lies the opportunity,” Ganesh told BusinessLine. “This should be termed ‘ed-tech’ as now technology, social media and a lot of personalisation are happening in education,” he added. True, the potential is enormously high. According to estimates, online education is already an $8-billion industry in India, and is poised to grow to $50 billion by 2020. There are 100-150 start-ups already operating in this space.
Read the Hindu Business Line news report here.