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  • Budget Expectation Quotes_Pariksha, Geekster, AdmitKard & Digikull- EdTech Startups

    Published on January 24, 2022

    Pariksha Quote

    Mr. Karanvir Singh, Founder & CEO, Pariksha – Vernacular EdTech Company

    “In the current times, to build a successful startup one needs to have a strong team. However, retaining talent is not as easy when you are running a young business. In order to be able to attract and retain talent a lot of startups started offering ESOPs. We really would like the government to consider the tax structure on ESOPS, such that it be taxed only at the time of sales and not at the time of exercising, as the case currently is. Additionally, a centralised Professional Tax system on the lines of GST will further help, and increase the ease of business for startups operating in multiple states,

    Geekster Quote

    Mr. Sahil Miglani, Co-Founder, Geekster

    “The Pandemic has changed the way learning happens and fast-forwarded the adoption of online education by 5-10 years. Delivering quality education to every town and village of the country is now possible, provided we improve the digital infrastructure.We expect the Government to revisit the high GST on education related services, and overall higher budget allocation to this sector,”

    AdmitKard Quote

    Mr. Rachit Agrawal, Co-founder & Director of AdmitKard

    “This budget we expect to see the Indian economy moving it’s focus to build stronger capabilities in the school infrastructure to enable the hybrid model of education which has become essential in the recurring pandemic scenario. Additionally, early education needs to get more tech enabled and we expect that should work in favor of the EdTech community. Further, there should be greater emphasis on skills and language training in order to make Indian youth ready for the global economy, and encouraging more Indians to migrate for work or studies,”

    Digikull Quote

    Mr. Himanshu Tyagi, CEO & Founder of Digikull

    In India, any skill development related service must come under the lowest tax slab. The government should revisit the 18% GST on skilling, which is very demotivating for the students who want to gain skill-related education. Even the loans related to education must be provided for lower interest rates. Only then will we be able to say that in India the policies are encouraging towards education and literacy. During the pandemic too the edtech played a vital role in keeping the show running for education institutes. Now they need the Budget to consider a decent allocation to the sector to suffice for long term tax exemption, technology and accessibility.

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