Indian EdTech has raised $4 billion in the last five years and, in calendar year 2020 alone, start-ups in the EdTech space received a total investment of $2.2 billion, a new joint report by Indian Private Equity and Venture Capital Association (IVCA), and PGA Labs, the market intelligence business of Praxis Global Alliance (PGA), revealed. In 2019, EdTech start-ups raised investments of $553 million. The report highlighted that the education market in India is expected to grow 2X to $225 billion by 2025 at a Compounded Annual Growth Rate (CAGR) of 14 per cent over FY20-25. In response to the growing demand, EdTech players have scaled up their offerings and new players with innovative business models catering to unserved segments have emerged post-Covid.