/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
As India’s edtech industry hits the brakes, the company finds itself caught between a rock and a hard place.
Vamsi Krishna rubbishes claims that Vedantu is in trouble. But, with India’s education technology sector in the doldrums and the K12 segment—kindergarten to grade 12—reaching crisis point, trouble seems to have finally reached the doors of his edtech startup.
“Revenues are down drastically and Vedantu is not able to turn it around,” says an industry executive, asking not to be named. “The burn is still significantly higher. The Ai Live product, launched in April to bring down the course fee by 80% in some cases, didn’t work out. They had to cut down a lot of jobs. Salaries of teachers …
Believing education is the key to success, Unacademy raised $880 million and reached a $3.4 billion valuation, only to crash 90%. Its co-founder and CEO gets candid about the state of the startup and Indian edtech.
Physics Wallah’s desperate pursuit of growth has led to another bold announcement. The latest move centres around one of India’s most competitive test-prep pockets.
Co-founders Alakh Pandey and Prateek Maheshwari made Physics Wallah the company it is today by keeping their focus on the digital media, test-prep business. With fresh funds at its disposal after the IPO, it is making the mistake of believing it is an education company.
