Startup
Building future-ready edtech ventures: Insights from iStart Inspire workshop
The Indian edtech landscape has evolved dramatically, moving beyond traditional classrooms to embrace AI-powered learning platforms and personalised digital experiences. With the sector projected to reach $29 billion and growing at a healthy CAGR of 24%, understanding the dynamics of this transformative industry becomes crucial for entrepreneurs. At a virtual workshop hosted by iStart Rajasthan in partnership with YourStory, Mahendra Rathod, Founder and Group COO, Vananam, shared detailed insights on building successful edtech ventures.
The workshop was part of iStart Inspire, an initiative by iStart Rajasthan, the state’s comprehensive startup platform. Through its holistic approach to startup development, iStart has been instrumental in fostering innovation and facilitating regional investment, providing crucial resources including mentorship, funding opportunities, and access to investor networks.
The current state of Indian edtech
The edtech ecosystem in India has witnessed remarkable growth, with over 5,000 startups launched and 400+ successfully raising funding. Rathod emphasised that while these numbers are impressive, they also indicate the level of competition and the need for clear differentiation. The industry has seen significant consolidation, with 120+ mergers and acquisitions, indicating a maturing market that rewards sustainable business models.
In his analysis of the sector, Rathod identified four major categories driving growth. The skill development segment, valued at $2.5 billion, shows particular promise given the constant need for upskilling in the AI era. The K-12 education segment presents a $15 billion opportunity, while test preparation and online certification continue to grow steadily. He noted that skill development’s significance stems from its direct correlation with evolving workforce demands and the continuous need for professional development in an AI-driven economy.
Emerging trends reshaping education
The future of edtech, according to Rathod, lies in making education more accessible and engaging. He emphasised the growing importance of vernacular education and affordable learning solutions for Tier II and III cities, noting that accessibility must be coupled with quality and effectiveness. The integration of AI-driven personalisation has enabled adaptive learning paths, creating more effective educational experiences for students.
Technological innovation continues to shape the sector’s evolution. Gamification has emerged as a powerful tool for engaging learners, while VR/AR technologies are creating immersive learning experiences that were previously impossible. Community-driven learning platforms have gained traction, facilitating peer-to-peer education and creating more interactive learning environments. The role of government initiatives, including the National Education Policy and various digital learning schemes, has been crucial in providing the regulatory framework and support needed for the sector’s growth.
Building sustainable edtech businesses
Drawing from his experience mentoring over 50 startups, Rathod provided comprehensive guidance on building sustainable edtech ventures. He emphasised that the first rule is to build a business, not just a product, cautioning against over-attachment to specific products or features. This approach allows for greater flexibility and adaptation to market needs.
On the funding aspect, Rathod shared critical insights about approaching investors. VCs typically evaluate startups based on four key elements: a clearly defined problem, market size, solution approach, and team capability. He advised startups to demonstrate revenue and proven unit economics before seeking venture capital, noting that ideas alone rarely attract serious investment.
The human aspect of building startups received particular attention during the workshop. Rathod compared finding a co-founder to marriage, emphasising the importance of complementary skills and aligned purposes in founding teams. He stressed that co-founders need to share not just skills but also values and vision for the company’s future.
First-level leaders play a crucial role in executing the founders’ vision, while the first 10 employees often shape the company’s culture and capabilities. Rathod emphasised that these early team members need to be not just skilled but also aligned with the company’s mission and values.
Continuous learning and adaptation
Concluding the workshop, Rathod stressed the importance of being “dispassionately passionate” – maintaining enthusiasm while being willing to adapt based on market feedback. He advocated for continuous learning through reading, attending industry events, and networking with peers. This commitment to personal development, he argued, is essential for staying ahead in the rapidly evolving edtech landscape.
The workshop, which attracted numerous aspiring and early-stage entrepreneurs, exemplified iStart Inspire’s commitment to providing practical, experience-based knowledge to the startup ecosystem. As the edtech sector continues to evolve, such comprehensive insights from industry veterans become increasingly valuable for entrepreneurs looking to create sustainable, impact-driven businesses in the education technology space.
Startup
Google Chrome on Trial: Could This Be the Start of a New Internet Era?
The U.S. Department of Justice (DOJ) is taking a historic step in antitrust enforcement that could reshape the tech landscape. Recent reports suggest the DOJ aims to force Google to divest Chrome, its immensely popular web browser, to address concerns about its dominance in online search and advertising. With this move, the DOJ hopes to untangle Google’s sprawling digital empire, but will it truly lead to a fairer internet, or is this a Pandora’s box of unintended consequences?
Let’s unpack the details, the implications, and the monumental challenges of dismantling a tech titan.
Google Chrome: The Crown Jewel of Browsers
As of October 2024, Google Chrome commands a staggering 65.25% share of the global desktop browser market and 68.04% of the mobile browser market. These numbers illustrate Chrome’s omnipresence—it has been the gateway to the internet for billions of years. Its market dominance isn’t just about user preference but also about how Google integrates Chrome into its broader ecosystem, offering a seamless experience tied to its search engine, Gmail, YouTube, and other services.
Google’s browser has long been the backbone of its data-collection and advertising strategies, which contribute over 80% of Alphabet’s $300 billion annual revenue. Chrome users feed into this cycle by generating behavioral data, which Google uses to refine its advertising algorithms and improve its other platforms. This interconnectedness has fueled Google’s success but also drawn the ire of regulators.
The DOJ’s Allegations and Remedies
The DOJ accuses Google of leveraging its control over Chrome and its search engine to stifle competition and maintain an illegal monopoly. To address these issues, the DOJ has outlined several remedies:
Divesting Chrome
Forcing Google to sell Chrome would strike at the heart of its ecosystem. Without Chrome, Google’s ability to collect browser data and optimize its advertising algorithms could be significantly diminished.
Restricting Default Search Engine Agreements
Google reportedly spends $20 billion annually—more than NASA’s annual budget—to secure default search engine status on browsers like Apple’s Safari. The DOJ aims to curb such practices, creating space for competitors like Bing, DuckDuckGo, and Brave.
Mandating Data Sharing
By requiring Google to share search data with competitors, the DOJ hopes to level the playing field. This could empower smaller players to refine their search algorithms and attract more users.
Decoupling Android
The DOJ also proposes separating Android from Google’s suite of services, such as Maps and Gmail. This would allow phone manufacturers more freedom to offer alternative services.
Regulating AI Usage
Google’s dominance extends to AI, where it uses Chrome data to refine machine learning models. Limiting how this data is used could weaken Google’s AI capabilities and empower other players in the space.
Giving Websites More Control
Google’s use of web content in its AI systems has also raised concerns. The DOJ suggests giving publishers more say in how their content is used.
Who Could Buy Chrome?
If Chrome were sold, finding a buyer with the resources and expertise to manage such a massive platform would be challenging. Possible candidates include:
- OpenAI: Backed by Microsoft, OpenAI has the technical expertise and financial backing to make the acquisition work. However, Microsoft’s involvement could raise further antitrust concerns.
- Private Equity Firms: Deep-pocketed investment groups might see Chrome as a lucrative opportunity, but their lack of experience in managing large-scale tech platforms could be a drawback.
Whoever takes the reins of Chrome would face significant hurdles, particularly in monetizing the browser without access to Google’s advertising infrastructure.
Potential Impacts on the Internet
The DOJ’s proposals aim to foster competition, but they could also disrupt the internet ecosystem in profound ways:
Innovation and Competition
Breaking up Google could vitalize competition, leading to new innovations in browsers and search engines. Smaller players might finally get their chance to shine.
User Experience
A Chrome-less Google might struggle to maintain the seamless integration that users have come to expect. This could result in fragmented services and a less cohesive internet experience.
Cost Implications
Google’s free services are supported by its advertising revenue. Without the data synergy provided by Chrome, Google might have to charge for services like Gmail and Drive, fundamentally altering the internet’s economic model.
Privacy and Data Handling
Post-divestiture, Chrome’s new owner would need to establish clear data policies. This transition could lead to privacy concerns or opportunities for better data practices.
A Global Ripple Effect
The DOJ’s actions are likely to set a precedent for tech regulation worldwide. The European Union is already investigating Google’s practices, and other nations could follow suit. If successful, the case could redefine how countries approach antitrust issues in the tech industry.
Google’s Defense and Adaptation
Google has labeled the DOJ’s proposals as a “radical agenda” and is mounting a strong legal defense. The company argues that such measures would stifle innovation and harm consumers. Simultaneously, Google is preparing for a post-cookie future, finding ways to collect user data without third-party cookies—a clear sign that it is bracing for change.
The Bigger Picture
At its core, this case isn’t just about Google or Chrome—it’s about the future of the internet. If the DOJ succeeds, we could see a fairer digital landscape with more competition and stricter data regulations. However, the transition could also bring higher costs for users, disrupted services, and a less unified online experience.
As court hearings unfold in 2025, one thing is certain: this is a turning point for technology, business, and society. Whether this leads to a brighter, more competitive internet or unintended chaos remains to be seen.
For now, we’re left wondering: is this truly the end of Google Chrome, or just the beginning of a new chapter in the tech world?
Startup
Jack Dorsey-led Block’s Bitkey crypto wallet launches inheritance feature
Bitkey, the self-custody crypto wallet from Block Inc, founded by Jack Dorsey, has launched an inheritance feature on its platform to enhance control and privacy for its users.
The feature is set to roll out in December and launched widely in January 2025.
Bitkey hopes to disrupt the current landscape with the new offering that enables people who hold keys to their Bitcoin to have full control of their money. The company said that its inheritance ensures that the funds being held in a Bitkey wallet are transferred to a designated beneficiary after the passing of the owner.
“With this inheritance solution, we are offering customers a safe and simple way for them to pass their assets onto the next generation,” said Jason Karsh, Business Lead for Bitkey, in a statement. “Bitcoin is a multi-generational asset, and we think Bitkey should be multi-generational, too. We designed inheritance to be simple for beneficiaries to transfer, access, and manage their inheritance when the time comes.”
Bitkey’s inheritance feature will be initially clubbed with the purchase of Bitkey hardware devices. To set up the feature, the owner can invite a beneficiary through the Bitkey app. Once accepted, the inheritance plan will be created.
The company also added that to protect against any fraudulent claim, it has put in a six-month waiting period that must be completed before a beneficiary can access these funds.
Introduced by US-based Block, Bitkey is a self-custody Bitcoin wallet that can be accessed through a mobile app, a hardware device, and a set of recovery tools.
In 2023, the company entered the Indian market with Bitkey.
Startup
India’s digital public infrastructure finds many takers globally, says NISG CEO
The Digital Public Infrastructure (DPI) of India is now truly going global, as an increasing number of countries are seeking assistance to implement this technology platform to deliver various citizen services.
“There is a huge opportunity of taking it (DPI) globally,” said Rajiv Bansal, CEO, National Institute for Smart Government (NISG) during a panel discussion on the topic “Digital Public Infrastructure of India going Global” at the Bengaluru Tech Summit (BTS) 2024.
DPI in India has become the driving force for delivering services from both the government and private sector. These include the nationwide Aadhar identity and the unified payment interface (UPI) for financial services.
According to Bansal, NISG is engaged with several countries to come out with pilot projects or provide consultancy services on how they can implement DPI. Sri Lanka is undertaking a nationwide ID project, while other countries like Gambia, Myanmar, Belize and Fiji are keen to implement DPI to deliver several citizen services.
NISG is a not-for-profit organisation set up in 2003 by the Indian government, based on a public-private partnership model. It aims to assist governments in ushering in smart governance, process reforms and digitalisation.
Bansal said the DPI framework has achieved a certain level of maturity where it is based on fundamentals of open source technology, interoperability, subject to regulation and offering services for social welfare.
The greater interest for India’s DPI has largely come from developing countries who are looking at this platform for setting up a national identity setup similar to Aadhar. According to Bansal, developed economies are also interested in DPI but for other kinds of services.
However, Sharad Sharma, Founder – iSPIRT Foundation, was of the belief that the various functionalities from DPI till date in India are early iterations, and there is a vast scope to deliver numerous other services especially in the area of healthcare.
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