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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.
A dissection of where Indian edtech went wrong and what its future could be.
It is undeniable that India’s education technology sector has had a harrowing time over the past couple of years. More than 100 companies have shut down operations. The list includes Bluelearn, Front Row, Udayy, Super Learn, Lido Learning, Qin1 and more. Meanwhile, Byju’s, Unacademy and Vedantu have each shed more than half their workforce. Euphemistically described as the “funding winter”, the last 24 months have exposed how dependent Indian edtech has been on external funding to cover operational expenses.
With the benefit of hindsight, then, it’s fair to say that edtech companies and their investors overestimated the market.
At this …
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.
As offline centres struggle to scale, the edtech firm leans back into its digital roots.
