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RACING TOWARDS A BILLION DOLLARS

Entrepreneur magazine

|

June 2022

CANAM, A LEADER IN THE INTERNATIONAL EDUCATION INDUSTRY, HAS CRAFTED INNOVATIVE SOLUTIONS IN HYBRID GROUND AND CLOUD EDTECH SPACE.

RACING TOWARDS A BILLION DOLLARS

Developed innovative, inclusive and affordable online platforms for - international admissions; English language test prep and teacher training; education loans; gig economy; student housing; career consulting and skilling; along with our pathbreaking Ground-to-Cloud initiative.

Sukhmeet Grewal President & Co-founder, iApply & Canam Education

Founded in 1997 with just one mission 'to provide global and equal opportunities to every Indian student; importantly democratising access to quality education' Sukhmeet Grewal and Anuraj Sandhu have seen their organisation grow from a size of 2 to an 800 strong team.

Every year, nearly 500,000 students leave the shores of India to study abroad; for some it may be to pursue the right course, at their dream university and destination, while some others may elect to move out in search of a better life abroad or in some instances, having been challenged to get quality education in India due to the high cut-off of their choice institute. While understanding the concept of moving to pursue higher studies is interesting, it also opens doors to an industry that drives over USD 100 billion in revenues annually. Multiple businesses operating at various scales are functioning in the space and aid these students achieve their goals of moving abroad for education.

Growth trends predict that from the present 5 million students going overseas annually to pursue their higher education, it would rise to approx. 8.5 million by 2030. Sandhu stated that the international education sector is a major export earner for many developed nations. Also, the demand for international education is witnessing continuous growth due to the increase in population and middle-class wealth in developing countries while investment in tertiary infrastructure lags.

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