Indian edtech sector still attractive for investors, GSV Ventures says

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Indian edtech sector still attractive for investors, GSV Ventures says
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New Delhi : India is still one of the world's most exciting markets for education technology investors, says venture capital firm GSV Ventures, sounding an upbeat tone for a sector still reeling from massive layoffs and a funding crunch.U.S.-based GSV invests only in edtech startups around the world and m

New Delhi : India is still one of the world's most exciting markets for education technology investors, says venture capital firm GSV Ventures, sounding an upbeat tone for a sector still reeling from massive layoffs and a funding crunch.

Edtech startups in India have laid off thousands of employees in the past year and have been unable to raise funding as a slowdown gripped the market. "Companies earlier purely online have now gone hybrid, increasing their market sizes. Earlier companies were not operating sensibly. In that case you shut down, that's just how it works," she said.

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