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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
In the last two years, foreign education plans have been dealt a body blow by changes in regulation, a rise in fraudulent activities and misaligned incentives for brokers, students and foreign universities. Indian students are among the worst hit.
Editor's note: This story is essential reading for everyone who is a participant in the study-abroad industry. If you are a parent, planning for your children’s education abroad, make sure you read this story to understand the ground realities. For anyone starting a startup or funding a company in this business, this story is for you. This story is also for policymakers who must now come to terms with a new world order where the doors for many Indian students are shut in pursuing an education abroad.
For many years now, studying abroad has been vital to the aspirations of middle-class Indians. Foreign shores have attracted countless Indian students year after year, and it seemed the dream would never fade away. Except that dream seems to have been turned on its head now.
Blame the shifting geopolitics, an increasingly hostile political climate for immigration in developed economies and the growing cost-of-living crisis, the once-popular destinations for foreign education are no longer what they used to be. Over the past couple of years, there has been a rise in the number of refusals on account of forged academic …
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.
Profit or loss is a definitive number because it can be traced back to a company’s books of accounts, audited by a certified auditor. Any number that doesn’t have this stamp of sanctity is a baseless claim.
