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Mumbai: The Covid-19 pandemic and the resultant lockdown have provided an unexpected boost to education-technology companies. Many of them are on a hiring spree to manage their fast-growing businesses.There are currently around 12,000 active openings for permanent job roles across levels at leading edtech companies, according to an estimate put together for ET by ManpowerGroup.Some of the top employers are Byju’s, Unacademy, Whitehat Jr, Vedantu and Simplilearn, among others, said leading executive search consultants including ManpowerGroup, Kellly Services and Xpheno, which have seen doubling of edtech mandates. In addition to these, there are over 90,000 contractual or gig positions across edtech firms, which are looking to ramp up due to an increased demand for online learning, according to ManpowerGroup estimate.Experts said the lockdown has accelerated the adoption of edtech which has been on a rise for the past few years, powered by smartphone and Internet penetration.ManpowerGroup India has open mandates of 2,000 new requirements from edtech companies — all bagged in the last two months, said Alok Kumar, its senior director for sales, account management & global accounts.Top roles in demand include product development, instructors, content writers, UI/UX and app developers, sales professionals and technicians. Companies are looking for domain expertise in the field of technology, product, finance, strategy and HR. Salaries could range from Rs 10 lakh for a fresher to Rs 50-80 lakh (including stock options) for a senior or top management role.“Edtech is one of the sectors that have benefitted from the lockdown,” Kelly Services managing director BN Thammaiah said. “We have currently about 100 mandates for both technical and creative roles.”Many edtech providers, which have seen a surge in userbase, are offering free content, hoping to retain new users later for paid services.“Ed-tech providers such as Byju’s, Vedantu, Unacademy, Extramarks, Toppr have seen a surge in their userbase…This increase in new users, backed by continued investor interest, could drive growth in employment opportunities,” said Amitabh Jhingan, a partner at EY Parthenon.Vedantu chief executive Vamsi Krishna said the company had seen a surge in traffic after it announced free access to its learning platform. “The number of subscribers on Vedantu’s platform has grown exponentially to 9,20,000 with collections and revenue which grew by 80%,” Krishna said. The company now plans to hire 1,500 employees.Whitehat Jr is currently hiring 1,000-1,500 employees and 2,000 freelance teachers every month. CEO Karan Bajaj, however, attributed the increase in hiring to a revenue spike, driven by expansion into new markets such as the US, rather than a Covid-related boom.Online learning platform Byju’s has added more than 1,000 employees since January, according to LinkedIn company insights collated by professional services firm EY. Byju’s did not comment on an ET query on its hiring plans.Others such as Unacademy and Simplilearn too are ramping up their teams. “We're also strengthening our leadership team,” said Tina Balachandran, vice president-HR at Unacademy, which plans to bring on 500 more educators in the next one year.Simplilearn has more than 100 full-time openings and 500 freelance positions, said CEO Krishna Kumar. “The good thing is that the government is also encouraging online education. Going ahead we will see more online-offline collaboration,” he said.“With more schools evaluating eLearning and online tutoring, the focus has shifted towards business development, customer service, social media sales and marketing functions,” Xpheno cofounder Kamal Karanth said. However, experts such as Yeshab Giri, director staffing and Randstad Technologies at Randstad India, said that for students to sustain the platform as an alternate source of learning could be one of the challenges going forward. Investors such as Omidyar Network and Blume Ventures said edtech businesses would remain a highly attractive segment and with top dollars chasing these companies, a lot of senior-level talent would gravitate to edtech firms backed by venture capital and private equity firms.The total education sector in India, including government spending, is expected to be around $135 billion, according to industry estimates. Of this, $750 million to $1 billion is captured by Edtech startups. “We expect the sector to grow many-fold in next five years to $3.5-4 billion,” Blume Ventures director Sajith Pai said. The venture capital fund has invested in Unacademy, Classplus and Leverage Edu. Pai expects leading edtech startups to grow rapidly in the next five years to be valued at $30-40 billion; of this about 20% could be direct funding from investors."Education is inherently a sticky product and can deliver sustained growth with great unit economics. Edtech businesses will remain a highly attractive segment for investors,” said Omidyar Network India director Namita Dalmia.EDTECH HIRING SPREE12,000 permanent job roles80,000-100,000 contractual or gig positionsSource: ManpowerGroup IndiaTOP EMPLOYERSByjusUnacademyWhitehat JrVedantuSimplilearnTOP DOLLAR INVESTMENTS Total 181 deals worth $2.28 billion in edtech sector in 2015-2020 (Venture Intelligence data)Leading edtech cos estimated to be valued collectively at $30-40 bln in 5 years; of this about 20% could be direct funding from investorsLEADING INVESTORSTiger GlobalGeneral AtlanticBlume VenturesSequoia CapitalOmidyar Network from Economic Times https://ift.tt/2zWMwB9

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Why Millennials Say Real Estate Investing is a Better Way to Build Wealth

You may wonder who millennials may be. They are young individuals whose age range is between 23 and 38. In a particular survey, 36% of millennials have cited real estate to be the most reliable long term investment option. Zero risk investment with high returns savings ranked second with 19% of respondents. Surprisingly, 16 % of respondents would rather consider the stock market, making it a third choice. Now, what has the survey depicted? The survey has revealed that millennials have the greatest preference for real estate amongst any generation but interestingly, they are least interested in the stock market. Do you want to sell that old house? Are you moving away and planning to purchase a new property? Some individuals sell, manage and purchase property on clients’ behalf. Alongside, the same individuals provide advice to their clients if their clients are willing to sell, buy, rent or own property. The bunch of these activities constitutes what real estate entails. Let’s get back to work and discover why millennials say that real estate investing is a better way to build wealth.

Concrete Investment: There is a very particular phenomenon that every human exhibits and it is perfectly normal. Everyone wants to feel or see something if they really will put their money in it. Real estate provides just that. Millennials can see and feel the property they have invested in. The tangibility of real estate affords more comfort than what may be perceived to be quite abstract such as stock ownership through mutual funds.

Regular Income: Investment in REIT (Real Estate Investment Trust) provides millennials with a steady flow of income in the form of dividends. Highly dependent on their rights to a piece of land, firms may pay royalties for infrastructure created on lands. Such infrastructure may include underground cables, cell towers, pipelines, etc. Millennials may also possess tenants who pay a fixed sum of money on a periodical basis. This is a basic rent. Although income from real estate may be generally referred to as rent, millennials receive income from real estate in many forms. Who doesn’t love cash? Everybody is Capable: Contrary to several professions, success in real estate does not require extensive skillsets. Of a truth, millennials have to be rational and minimize risks. Real estate remains a simple investment option for millennials. No wonder it remains a first choice investment option for millennials. More people are familiar orate least understand what the real estate business entails. A startup is Affordable Compared to Several Professions: Getting a real estate license is not as expensive as getting a medical or a law license, in terms of time and money spent. A real estate license does not require any tedious formal education as several other professions. This means that you are not required to be a graduate or have some other degree before investing. Real estate can be a very comfortable investment option for low and middle-class units which make the bulk of millennials.

They tend to be exposed to it just as their rich counterparts may have taken other technical investment options training. It’s no rocket science as to why millennials consider it to be a good catch. Income Potential: You can make as much money as you desire. With the right decisions and training, you can are likely to end up a successful businessman. Flexible: You may choose to take charge or take orders. Real estate investment affords you the opportunity to your income, time, and take charge of your life. You may choose to work, play, and take a vacation. Who does not enjoy flexibility? Security: Debt can be easily managed in real estate investment. Real estate investment also affords millennials the opportunity to avoid fraud as property can be physically observed. In the stock market, investors have to rely on the reports generated by company management and auditors. An Actual Inflation Hedge: Real estate has proven numerous times to serve against inflation. This is not far from the fact that property, especially land, appreciates over time. Although actual profits may decrease when adjusted for inflation, profits are still made all the same. Now tell me – what millennial wouldn’t want to make profits? Purchase Low, Sell High: Millennials can decide to purchase property for a base price, refurbish it and then resell at a higher price. This is a norm in real estate as good property generally appreciates over the years.

Real Estate Investment Trust (REIT): REIT can prove to be highly valuable to busy millennials. REIT enables different stakeholders to purchase shares in profitmaking estate collections that collect rents from a range of property. They later dispense profits to shareholders. REIT is a method of real estate investment that offers the following benefits: REITs are relatively easy to purchase and sell, as found with most public exchange trades REITs solve the problem of illiquidity posed by traditional real estate REITs proffer adjusted risk returns and steady income flow. REITs offer the diversification, unlike conventional real estate REITs perform transparent financial activities. In the US, REITs are regulated by the SEC. Since 1978, average returns on REIT was 12.86% while stocks returned 11.65% .

In a nutshell, it is not surprising that millennials have agreed that real estate marketing is a better way to build wealth if it offers a load of these benefits. It is, however, pertinent to remember that every investment carries with it some amount of risks. It is, however, necessary to monitor the business environment at every point in time Invest wisely.

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We help international clients, we provide digital marketing, real estate, E-commerce,

Internet Marketing etc. services. For more info visit:-https://investorslead.com/ Contact us - +17133096085 Email: sales@investorslead.com

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We help international clients, we provide digital marketing, real estate, E-commerce,

Internet Marketing etc. services. For more info visit:-https://investorslead.com/ Contact-+17133096085

[investorslead]

We help international clients, we provide digital marketing, real estate, E-commerce,

Internet Marketing etc. services. For more info visit:-https://investorslead.com/

[investorslead]

Investorslead | Real estate Marketing

We help international clients, we provide digital marketing, real estate, E-commerce,

Internet Marketing, Social Media Marketing etc. services. For more info visit:-https://investorslead.com/ Contact us - +17133096085 Email: sales@investorslead.com