EdTech (educational technology) is an industry that has experienced a boom thanks to the Covid-19 pandemic. According to the report “World's Leading EdTech Companies 2024” by Time and Statista announced that the US is still the country with the largest number of EdTech in the world, accounting for more than 1/3 of the 250 leading businesses in the field of global educational technology. China ranked second with 10% and followed by the UK (6%). Brazil has 2 representatives in the Top 5.
Leading the world today is Eruditus, an EdTech company from Singapore with fiscal year 2023 revenue (ending in June) recording nearly 6 million USD, an increase of 400% over the same period last year. This business provides courses from more than 75 universities around the world, including famous names such as MIT (USA), đUniversity of Pennsylvania (USA), đCambridge University (UK)... and currently has over 500.000 students enrolled.
EdTech has developed thanks to the booming online learning trend since Covid-19
In addition to surveying 250 leading EdTech businesses, market research company Statista also announced the "Rising Stars" ranking in this field in 2024 to honor organizations with high business growth rates. Highest revenue in the past 3 years. This EdTech list of 15 Rising Stars was compiled by Statista and TMY Based on the following criteria: The company was established less than 10 years ago; Minimum revenue of 1 million USD in 2021; Revenue growth rate is more than 20% in the past 3 years.
Topping the list is Scaler Academy, an India-based online learning platform that specializes in teaching programming, system design, and career skills development.
Notably, ranked third on the list is VUIHOC, a Vietnamese enterprise. This is also the only representative of Southeast Asia on the list. In 2023, VUIHOC received an investment of 6 million USD in a Series A capital round led by TNB Aura, planning to promote the exploitation of new technologies to enhance the learning experience according to the needs of each student. Currently, this company has more than 300.000 students and over 2 million application downloads on official software stores.
According to the "Vietnam Technology and Innovation Investment Report 2024" published by the National Innovation Center (NIC) - Ministry of Planning and Investment, Forbes Vietnam and Ventures announced that on April 26.4.2023, 529, the total investment capital received by Vietnamese startups was 17 million USD, down 107% over the same period, but the EdTech field received the highest amount of capital ever recorded. received, an increase of XNUMX%.
