EdTech unicorns worldwide 2023 | Statista (2024)

FAQs

EdTech unicorns worldwide 2023 | Statista? ›

As of January 2023, the Indian company ByJu was the highest valued EdTech unicorn Worldwide, at 22 billion U.S dollars. Of the remaining nine companies provided here, five were from the United States, two more were from India, while Austria and Canada both had one EdTech unicorn in the leading ten by valuation.

An EdTech Unicorn is a privately held company with a valuation exceeding $1Billion.

The U.S. dominates the list, making up more than one-third of the slots. China trails behind with 10% and the U.K. has just over 6%.

The story of fintech unicorns in India started way back in 2015 when Vijay Shekhar Sharma's Paytm became India's first fintech unicorn. It took three more years for India's fintech startup ecosystem to produce the next few unicorns, with PolicyBazaar, PhonePe and Billdesk turning unicorns in 2018.

Venture Capital Edtech Valuation Method

The Venture Capital Valuation Method is the most common method investors use to value Edtech companies. The VC method considers business fundaments, market demand, and investor return on investment factors.

A unicorn is a privately held startup company with a valuation of $1 billion or more. The term surfaced in the last decade when Aileen Lee, the founder of a Palo Alto–based venture capital fund, wrote an article about 2000s tech startups and found that less than 1% of them had reached billion-dollar valuations.

As of January 2023, the Indian company ByJu was the highest valued EdTech unicorn Worldwide, at 22 billion U.S dollars.

When used appropriately, edtech can make learning fun, memorable, and accessible, leading not only to better student engagement, but also improved career preparedness.

How many unicorn companies are there globally? There are over 1400 unicorn companies globally today. With a failure rate of 70-80% of startups within the first five years of operations, achieving a billion-dollar net worth is not an easy task.

How rare are unicorn startups? ›

Understanding Unicorns

5 Reviewing software startups founded in the 2000s, she estimated that only 0.07% ever reached a $1 billion valuation. According to Lee, startups that reach this mark are so rare that finding one is as difficult as finding a mythical unicorn.

Biyani was the former chairman of Udemy, a unicorn startup valued at $2 billion.

Differently from revenue multiples, some companies in EdTech managed to maintain relatively high profit multiples all throughout 2022 and 2023, with the top 25% of the sample recording EBITDA multiples between 30x and 150x at the end of last year.

The global EdTech market is experiencing robust growth, driven by the increasing adoption of digital learning solutions across schools, universities, and corporate training programs.

EdTech investing is still in a lull (for now)

That's not to say that there's no investment, but it is definitely down drastically from the COVID online boom. There are some very, very early signs that this is starting to pick up, but it is hit or miss.

The name "unicorn" originates from the Latin words "uni-", meaning "one", and "cornu", meaning "horn". This means that the term literally means "one horn". In ancient Chinese mythology there is a mythical creature very similar to a unicorn known as a Qilin, or sometimes Kirin.

A unicorn means a privately owned startup valued at over $1 billion.

Though real unicorns are just as elusive, rare and highly desirable. We're talking about unicorn employees. Ryan Holmes, founder of Hootesuite, says a unicorn employee is 'a member of the staff who possesses a unique set of qualities that make them extremely rare and valuable'.