iamwire has an interesting article pointing out that e-commerce startup Snapdeal has recently launched an education marketplace and expects to earn 20% of its revenues from this initiative in a few years.
The company has currently partnered with around 20 merchants including meritnation.com, Practice guru and edukart.com. Also, the team expects to have 150 merchants on board in another two months. The marketplace would initially offer courses ranging from kindergarten to Class XII along with management and engineering courses.
This is going to be an increasingly important market in India:
“Online education market is expected to become USD 3-4 billion strong over the next few years in India. Services commerce, which does not involve physical distribution of goods, offers better profit margins, making it a highly viable business for internet companies to scale up.” said Kunal Bahl, Co-founder Snapdeal to ET.
Read the full article