There is a need to regulate the edtech sector, where monopolitic tendencies tend to exploit the students. There are large edtech startups — Byjus, Unacademy, Upgrade and Vedantu. They have jointly formulated a self-regulatory code of conduct. The consortium has in fact 15 companies. Regulatory oversight looms large over the sector. They wrote the government that they will set up a two-tier grievance mechanism to ensure that the business is conducted with transparency and the customers’ interest in mind. The other firms in the consortium are Careers 360, Times EdTech, Harappa Education, Doubtnut, Toppr and Simplilearn.