In the first half of 2022, edtech funding hit $1.87 billion, according to Tracxn. This was a jump of 35 percent from the previous year, which itself had seen a 70 percent jump over the previous year.
In short, 2021 and 2022 saw a record rise in funding, audience numbers, engagement, hiring and growth. In Blume’s 2020 Edtech report titled ‘It is EdTech’s Moment’, we quoted an edtech founder saying, “The ecommerce of India is education” and that India’s Amazon would be an edtech company. We had indeed hit peak edtech.