The pandemic may no longer have the same grip that it used to on the way that we go about our daily lives—workers have returned to offices and students are back in the classroom. But a new global ranking by TIME and Statista of the 250 top EdTech companies suggests that online learning is here to stay.
Eruditus, the top EdTech company in the global rankings, reported a revenue of close to $400 million for the financial year ending in June 2023, up 75% over the prior year. The EdTech platform offers online courses from more than 80 universities around the world, including business schools at the University of Pennsylvania, the University of Cambridge, and MIT. Eruditus says it has so far educated more than 500,000 people across 80 countries.its headquarters to India.
Brazil’s EdTech market has been growing rapidly for years. The country has struggled with education. In Brazil, just 57% of adults aged 25 to 64 have completed upper secondary education, much lower than the Organization for Economic Cooperation and Development country average of 79%, putting it nearly last among the 41 countries studied by the OECD for educational attainment.
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