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In the last decade, India has witnessed mixed periods of economic growth, with the country recently retaining its tag of being the fastest growing economy in the world. However, this neo-liberal appro...
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Impact investment is generally understood in India to involve for-profit equity or debt investment in early-stage ventures that are delivering basic services to the poor -- giving them access to affordable housing, financial services, education, health or energy -- or helping to provide them jobs and better livelihood opportunities. According to this definition, India has thus far seen approximately US$2 billion of impact investments into some 300 companies. And the pace of this activity is picking up.
The market size of online education in India is expected to cross $40 billion by 2017. As new government initiatives are being launched and new edu-tech funding deals are being announced, education is suddenly an investable business. Let's look at five examples of companies trying to disrupt the quality of education in India, with technology used as an enabler - as a means and not the end.