The American crypto exchange has set alarm bells ringing in India; the edtech startup has let go of a 1,000 workers, with more firings to come.
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From the Byju’s flameout to the fresh Adani tempest, The Morning Context helped cut through the clutter around the big developments in Indian business.
Soon after the Byju’s debacle, Unacademy is in distress. Once a high-flying edtech startup, it is searching for a respectable way out.
A merger with Aakash would have given Unacademy a shot at making a go of it in offline coaching. Without it, Munjal’s task of keeping his company afloat is that much harder.