Total funding into the Indian edtech space plunged 48 percent to $971 million in 2023 between January 1 and August 7, when private markets intelligence provider Tracxn compiled data for a new report on the sector. Edtech startups had raised $1.87 billion in the same period in 2022. Early-stage investments worth $75.7 million were recorded in 2023 YTD, an 88 percent drop from $618 million raised in the same period last year and an 82 percent drop compared with $414 million raised in the same period in 2021
India's digital tech workforce is making it a destination for the next wave of foreign companies looking to establish centres for R&D, software development and engineering. And there is an opportunity to expand the ecosystem to tier-2 cities, Nasscom, the country's biggest tech lobby, and accounting consultancy firm Deloitte, say in a new report. The report identifies 26 cities that are emerging hubs and can grow to become deeply integrated with the tech innovation ecosystem in the country
In the run-up to the G20 meetings in New Delhi, where climate is a key issue, and COP28 in November, Divya J Shekhar puts together a ready reckoner on the prominent issues relating to climate change that we need to talk about. With deep dives and insights on GDP loss due to climatic events, job losses, ESG funds, and even a clutch of entrepreneurs who are using tech to solve for India, this issue is a packed one
Samsung has become a household name in India with its televisions, home appliances, and—the biggest category of all—smartphones. Over the last decade, the South Korean electronics giant ousted Nokia, Micromax and Xiaomi to claim the lion's share in the fiercely competitive smartphone market in India. But Vivo and Apple are making some aggressive expansion moves to improve their stake in the country. For the cover story, Rajiv Singh delves deep to understand Samsung's playbook for India
The windfall of the Covid-19 crisis happened in the backyard of edtech companies in India. The startup ecosystem saw many edtech companies mushroom, and some even reached unicorn status. As the world adjusts to the new normal, this edtech special issue of Forbes India looks at the canvas of the sector caught in the funding winter, course correcting to a hybrid model, and searching for what's next—for students, parents, and founders. In this podcast, Rajiv Singh takes you to the depths of the stories in this issue
The macroeconomic picture for SaaS (Software as a Service) is challenging, and most companies are feeling the pressure. Because on the microeconomics level, all the SaaS players are chasing the same customers. This year, Our SaaS special looks at what the recent slowdown in the tech sector means for SaaS outfits and how they manage their cashflows. In this podcast, Harichandan Arakali gives an overview of the industry and stories you cannot miss in the issue