Ed-tech
We have acted for and advised global and domestic multinational companies and start-ups on matters such as funding and investment opportunities, collaborations with educational institutions and content service providers, and navigating sectoral regulation and compliance stipulated by the All India Council for Technical Education, University Grants Commission (UGC) and other bodies.
The ed-tech sector in India, one of the largest in the world, has been witnessing steady growth with the increasing demand for digital learning solutions. The advent of mobile technology, easy internet accessibility, and the need for upskilling and reskilling has created a favourable environment for the growth of ed-tech start-ups. With support from venture investments, and burgeoning interest in non-academic and vocational courses, several Indian unicorns are firmly establishing themselves as global market leaders, as per a report by Grand View Research.
The regulatory environment of this sector is evolving rapidly, with the Indian government in the process of formulating a policy to regulate the sector. The Education Ministry has also issued an advisory on dealings with ed-tech companies who have been directed to adhere to the Consumer Protection (E-Commerce) Rules, 2020. Upcoming legislation, such as the draft ‘Digital Data Protection Bill 2022’ , is also likely to have implications on the ed-tech industry in terms of obligations to use collected data lawfully. With the industry so far operating largely on self-regulation, businesses need to be circumspect of the changing landscape of compliance requirements. Ed-tech businesses may have to comply with consumer protection regulations not only in advertising and sales, awareness, welfare and fair-trade practices but also regulations as may be applicable to gaming, artificial intelligence or similar technologies, depending on the manner in which education is disseminated on their platforms.
At Trilegal, we offer a wide range of services tailored specifically to the needs of ed-tech companies. We have acted for and advised global and domestic multinational companies and start-ups on matters such as funding and investment opportunities, education regulation and compliance, setting up collaborations with distinct educational institutions and content service providers and navigating regulations stipulated by the All India Council for Technical Education (AICTE), University Grants Commission (UGC) and similar bodies, data privacy, intellectual property, licensing, contract negotiations, mergers and acquisitions, joint ventures, risk management and mitigation, corporate and business structuring, marketing practices, employment solutions and dispute resolution. With years of experience in the ed-tech industry, our team of expert attorneys is well-equipped to help businesses navigate legal challenges and ensure compliance with all relevant regulations through insightful and tailored solutions.
Some of our clients in this space include –
- Byju’s
- Allen Digital
- Udemy
- Inspirit Learning
- Fitch Learning
- Next Door Learning Solutions
