In this article, we will be taking a look at the 5 biggest EdTech companies in the world. If you want to read our detailed analysis, you can go to 20 Biggest EdTech Companies in the World.
5. Duolingo, Inc. (NASDAQ:DUOL)
Market Cap: $5.51 billion
Duolingo, Inc. (NASDAQ:DUOL) is based in the US and lies even higher on the list of the biggest EdTech companies in the world. It offers language certifications in 40 languages while aiding in language learning through interactive exercises. Duolingo, Inc.’s (NASDAQ:DUOL) English Proficiency Test is a renowned test like IELTS or TOEFL. On August 9, NASDAQ reported that the company’s stock boomed as it announced a 44% rise in the quarterly revenue with a record number of active subscribers during the quarter. As of August 9, Duolingo, Inc. (NASDAQ:DUOL) is worth $5.51 billion on the open market.
Follow Duolingo Inc.
Follow Duolingo Inc.
4. Pearson plc (NYSE:PSO)
Market Cap: $7.67 billion
Since May 2013, Pearson plc (NYSE:PSO) has been solely a digital education assistant for schools and colleges. It creates tests and respective criteria which can help educational institutions gauge the merit for students. It also helps them develop course content for students. Students can access the online learning platform to access courses online. Teachers can also learn and adapt to new learning methods as suggested by Pearson PLC (NYSE:PSO). As of August 9, Pearson plc (NYSE:PSO) is worth $7.67 billion.
Follow Pearson Plc (NYSE:PSO)
Follow Pearson Plc (NYSE:PSO)
3. New Oriental Education and Technology Group Inc. (NYSE:EDU)
Market Cap: $8.94 billion
Another reputable name among the biggest EdTech companies in the world, New Oriental Education and Technology Group Inc. (NYSE:EDU), serves to be the biggest private education provider in China. It helps students prepare for college exams, international level GRE, and IELTS. Online courses for every age group are being offered. New Oriental VR Academy uses virtual reality for better student engagement. As of August 9, New Oriental Education and Technology Group Inc. (NYSE:EDU) is worth $8.94 billion on the open market.
Follow New Oriental Education & Technology Group Inc. (NYSE:EDU)
Follow New Oriental Education & Technology Group Inc. (NYSE:EDU)
2. Yuanfudao
Estimated Valuation: $15.5 billion
Yuanfudao, a private EdTech company with almost 4 million registered users, is based in China. It was one of the first in the industry to use AI for personalized learning. It provides online tutoring by collaborating with experienced instructors who offer live as well as recorded sessions. Textbooks and notes are also given. Interactive whiteboards and flashcards are used for better engagement. As of August 2023, Yuanfudao is valued at $15.5 billion.
1. BYJU’s
Estimated Valuation: $22 billion
Overall, 40 million users tend to enjoy the animated educational videos on BYJU’s. Many reduce their exam anxiety before GRE, GMAT, or national Indian tests like CAT and IAS by learning from BYJU’s extensive content. As of 2023, BYJU is valued at $22 billion and is therefore the biggest EdTech company in the world.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily enewsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a look at Stocks On the Rise: 13 Best To Buy Now and 15 Best Performing Stocks in the Last 6 Months.
