© Reuters. FILE PHOTO: The emblem of Amazon is pictured inside the corporate’s workplace in Bengaluru
BENGALURU (Reuters) – Amazon.com Inc (NASDAQ:) has launched a web based academy to coach college students for certainly one of India’s best school entrance exams, the e-commerce big mentioned on Wednesday, because it faucets a increase in digital studying throughout the COVID-19 pandemic.
“Amazon Academy”, accessible as an internet site and an Android smartphone app, will provide studying materials, reside lectures and assessments to assist college students put together for the Joint Entrance Examination (JEE), which permits entry into high engineering faculties throughout India.
Content material on the platform is at present accessible free and can stay free for “the subsequent few months”, Amazon India mentioned in a press release.
Annually, shut to 2 million aspirants to coveted undergraduate engineering programs take the government-run JEE, for which some take extra courses with non-public tutors. Lots of these tuition facilities have both moved on-line or shut throughout the pandemic.
India has seen a increase in on-line schooling, or ed-tech, a market which has solely expanded because the pandemic compelled faculties to shut.
The nation’s on-line schooling marketplace for grades 1 to 12 ought to develop six-fold to $1.7 billion by 2022, whereas the marketplace for college students past grade 12 is ready to almost quadruple to $1.8 billion, consultancy RedSeer estimates.
Indian ed-tech startups together with Unacademy, Vedantu and market chief BYJU’s raised $2.22 billion in 2020, about 4 occasions the quantity raised a yr earlier, in response to the Indian Non-public Fairness and Enterprise Capital Affiliation and PGA Labs.
BYJU’s, backed by U.S. funding agency Tiger World, and SoftBank-backed Unacademy raised essentially the most capital final yr, at $1.35 billion and $264 million, respectively.
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