Ronnie Screwval is an Ex UTV owner and a serial entrepreneur tweets-
“40% students drop out before the 8th grade. Digitizing higher education is a great way to bridge the gap between infrastructure and learning.”
As per the news, Ronnie is launching UEducation, an online education portal focusing on higher education. The new venture involves an outlay of Rs. 100 crore in the first phase. This investment will primarily go into content, interactivity, platform, technology, adaptive learning, assessments, marketing and building a national footprint.
UEducation is Ronnie’s second independent venture; who set up Unilazer Sports new unit focusing on sports management.
Why an e-learning venture-
Over the past few years, online portals for learning and test preparation are on a sprung. These ventures are also getting venture capital funds.
Screwvala said to a National Daily that India has the largest college going age cohort in the world, yet only one out five of them enroll into higher education, resulting in one of the lowest higher education enrollment ratios, even among most developing nations. If we have to meet our GDP growth targets, we need to at least double the participation rate immediately; otherwise we will miss out on our demographic dividend.
Mayank Kumar, an IIT-Delhi and Indian school of Business, Hyderabad Alumni is also onboard of UEducation as a Co-founder and Managing Director. Mayank has worked for various major players such as Senior Principal at the Parthenon Group, Tata Strategic Management Group and currently; Vice-President at Bertelsmann India Investments, a corporate VC fund focusing on Education and Digital sector.
UEducation also intends to partnership and collaborate with global universities and build other affiliations besides offering specialized courses.
Ronnie’s idea of Digitising Higher Education can be great for India and its education system. Hope online medium can bridge the gap in the current Indian Education system between infrastructure and learning.