After staying away from Indian edtech startups for a year, GSV Ventures is warming up to the Indian market again, according to Deborah Quazzo, managing partner of the US-based venture capital firm.
GSV Ventures, which invests solely in edtech companies worldwide, is set to ink two new deals, including one in India, which is expected to be announced in 2025, Quazzo told Mint.
Despite a positive outlook for the Indian market, the venture capital firm refrained from making any new investments in Indian edtechs during 2024, limiting its activity to a follow-on investment in Physics Wallah.
It had invested about $90 million in over 10 Indian startups, including Physics Wallah, Classplus, Lead and AdmitKard, till February 2023, Mint reported earlier.
To be sure, India's edtech sector has faced two challenging years, marked by dwindling investor confidence as post-pandemic demand for online learning faded, mounting losses from aggressive growth strategies, and the downfall of the industry giant Byju's.
This story is from the December 19, 2024 edition of Mint Kolkata.
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This story is from the December 19, 2024 edition of Mint Kolkata.
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