Armed with a greater disposal income, many Indians are now geared up to send their wards to overseas for under-graduate and post-graduate studies. Due to a manifold increase in their family incomes, the trend is expected to increase by 50 per cent over the next five years, according to a report by Cialfo, a Singapore-based education technology company.
Cialfo, has placed more than 90 per cent of its students in top universities in the US and 30 top universities in the UK. The company noted the Indian students’ strong interests in acquiring international education and experiences for placing themselves in the top range of professionals, both in India and globally. The trend is seen something similar to the 100 per cent growth seen in Chinese students that entered universities in the US to acquire international education during the early pick up of Chinese economy.
Cialfo, which is in the midst of A series fund raising, is linking up with Delhi-based educational institutions to help Indian students secure places in the US and UK universities.
With potential to tap into the massive pool of students from India, China and South East Asia, Cialfo is expecting a strong market support for the A series funding for edtech start-up. It has plans to reach more students, tapping into the multi-billion dollar a year opportunity of helping Asian students find their ideal university. The annual Asian student market value is estimated at USD 4 billion in the UK and US universities. Investors estimate the market value of global students in the UK and the US at USD 80 billion a year. Investors estimate the market value of global students in the UK and the US at USD 80 billion a year.