Amazon India launches online academy to train future engineers By Reuters

<div>

© Reuters.

BENGALURU (Reuters) – Amazon.com Inc (NASDAQ 🙂 has launched an online academy to train students for one of India’s most competitive university entrance exams, the e-commerce giant said on Wednesday. Capitalizes on a boom in e-learning during the COVID-19 Pandemic. Available as a website and application for Android smartphones, “Amazon Academy” will offer learning materials, live lectures and assessments to help students prepare for the Joint Entrance Exam (JEE), which allows entry to best engineering schools in all of India. The content on the platform is currently available for free and will remain free for “the next few months,” Amazon India said in a statement. Each year, about two million aspiring undergraduate engineering courses take the government-run JEE, for which some take additional classes with private tutors. Many of those registration centers have moved online or closed during the pandemic. India has seen a boom in online education, or ed-tech, a market that only expanded when the pandemic forced schools to close. The country’s online education market for grades 1-12 should expand sixfold to $ 1.7 billion by 2022, while the market for students beyond grade 12 will quadruple to $ 1.8 billion, estimates consultancy RedSeer. Indian educational technology startups, including Unacademy, Vedantu, and market leader BYJU, raised $ 2.22 billion in 2020, roughly four times the amount raised a year earlier, according to the Indian Private Equity and Venture Capital Association and PGA Labs. BYJU, backed by US investment firm Tiger Global, and Unacademy, backed by SoftBank, raised the most capital last year, with $ 1.35 billion and $ 264 million, respectively.

Disclaimer: Fusion Media wishes to remind you that the data contained on this website is not necessarily accurate or in real time. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but by market makers, so the prices may not be accurate and may differ from the actual market price, which means that prices are indicative and not appropriate for commercial purposes. Therefore, Fusion Media assumes no responsibility for any business losses you may incur as a result of the use of this data. Fusion Media or anyone involved with Fusion Media will not accept any responsibility for loss or damage as a result of reliance on information, including data, quotes, charts, and buy / sell signals contained on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.