TLDR:
- US-based venture capital firm GSV Ventures is actively looking to invest in edtech companies in India.
- GSV has already invested in several Indian edtech companies and manages about $800 million in assets.
US-based venture capital firm GSV Ventures is looking to invest in the edtech sector in India. GSV has already invested in several Indian edtech companies, including Physics Wallah, Lead Schools, and Apna, and manages about $800 million in assets. The firm’s founder, Michael Moe, stated that there are lessons to be learned from the recent fiasco surrounding Byju’s, India’s most valued edtech start-up. Moe is optimistic about the potential of the Indian market and plans to make both follow-up and new investments in the country. Moe also discussed the use of artificial intelligence in education, stating that it has the potential to personalize learning, lower costs, and improve the quality of education in India. While the Indian education system still has gaps to address, Moe believes that AI will be a game changer for the sector. Moe also mentioned the need for consolidation in the edtech industry and emphasized the importance of solidifying business fundamentals. He highlighted the importance of corporate governance and transparency in the wake of the Byju’s fiasco, stating that investors should take a diligent approach and ensure that portfolio companies have appropriate financial oversight. Moe also cautioned against startups chasing unicorn status without the business fundamentals to support it. Overall, GSV Ventures sees promise in India’s edtech sector and is actively seeking investment opportunities in the country.
