Test prep apps garner $ 140.54 million funding

NEW DELHI: The Indian education sector has registered 289 deals amounting to $ 919 million since 2012, according to latest findings of VCCEdge Funding Insights.

The deal size is getting larger as the year 2016 so far has seen 42 deals worth $208 million compared to 81 deals aggregating to $ 166.33 million in 2015. But 2014 was the year that witnessed the maximum investment of $ 243 million from 62 deals.

Test preparation apps garnered maximum funding of $ 140.54 million in 2016 from 11 deals. Year 2015 too recorded the same number of deals. Test preparation apps come second in terms of investments since 2012, with $217.57 million across 54 deals. K-12 education service providers raked in $ 55.54 million from 4 deals in 2016 as against 6 deals worth $ 2.95 million in 2015. Since 2012, the segment has registered 32 deals worth $ 134.94 million.

E-Learning portals have attracted the maximum investor interest, both in terms of volume of deals which stand at 83 as well as deal value which is $ 301.29 million since 2012, according to a release. However in 2016, this segment has seen number of deals fall to 14 and deal value reduced to $ 5.10 million from last year which saw 29 deals amounting to $ 99.76 million.