Online education startups globally have raised $4.89 billion from investors, surpassing 2019 with three months to go as the coronavirus pandemic has boosted learning from home and made it mainstream overnight. Ed-tech startups have raised $4.89 billion across 377 rounds this year, the second highest amount in a year, but less than the $6.2 billion raised across 648 rounds in 2018, according to a report from CB Insights, a market intelligence platform. Compared to this year, ed-tech startups raised $4.8 billion across 604 rounds in 2019. Despite the funding boom this year, there were only 377 rounds — the lowest in four years — indicating larger cheque sizes per startup, with winners raising an outsized portion of the total capital. The most-funded startups are those that are using mobile-based tools, augmented reality or virtual reality in their products, and helping learners of all ages learn programming and other technological skills, the report said.

(Moneycontrol)