EdTech firm ApplyBoard grows 300% in 2021
Virtual learning and distance education continue to be preferred mode for learners and educators
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New Delhi: CANADA-based Edtech company ApplyBoard has witnessed exponential growth in 2021, as the firm has said that students across the world are looking to study in foreign universities, but within their budget. The company, as per Karunn Kandoi, General Manager and head of India Operations, the company, has grown almost 300 per cent in one year.
"We have grown in all our markets whether it is UK or Canada, in fact the growth in the US has been 700 per cent. From every perspective that you see, growth of the team, number of students, we have onboarded new partners, we have grown significantly," Karunn told Bizz Buzz.
The company has said that for 2021, the latest trends being students opting for pocket friendly foreign universities, wherein students are opting for yearly institution of 30,000 CAD (Canadian Dollar) as against 1,00,000 (CAD).
Post the outbreak of the Delta-variant of Covid-19 earlier in 2021, several nations underwent lockdown once again which postponed the visa application and migration process of students globally. ApplyBoard, said, that inspite of a clampdown, the company has seen 50 percentage point increase in student visa applications in the second and third quarter of Financial Year 2021-22.
With varied EdTech companies scoring high, virtual learning and distance education continue to be preferred mode for learners and educators. But for students looking forward to studying abroad, the company says that countries such as Australia, UAE, Germany are the current favourite destinations of Indian students.
"Lot of schools are incorporating hybrid mode. So, even if you are in UK, and there are increasing cases of Covid, schools are capable of switching to online mode very quickly. This is helping students in a big way, they can avail those educational benefits even if there is delay in visa to reach UK," Karunn explained.
As per the Indian operations head, more students are opting for Machine Learning and Artificial Intelligence courses in the last three to four years. The company has added 450 employees in the Indian market, and has 10,000 partners (overseas educational consultants) as of 2021. The company in July raised $300 million as a part of its funding series.
