Silicon Valley-based technology education startup EdCast plans to get into tie-ups with as many as 500 educational institutions and invest up to $50 million (Rs 325 crore) in India in 2016. The company creates knowledge cloud platforms that enable educators and institutions to deliver their content worldwide.
Indian-American serial entrepreneur Karl Mehta, who’s the founder and CEO of EdCast, believes that around $250 million (Rs 1625 crore) could be invested in education based technology in India this year. This is the new sector on the rise, Mehta said.
