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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.
Once the brightest star in the Byju’s universe, the test-prep company is fast losing its cachet, leaving its biggest investor with no exit options.
All isn’t well with Aakash Educational Services Ltd. Once a crown jewel in Byju’s universe, the test-prep company is losing steam as rapidly as it picked up, following its acquisition by the edtech company. Six people familiar with developments told The Morning Context that business has slowed considerably. In fact, the company is poised for its first year of decline in revenue since 2020-21, when nationwide lockdowns in the wake of the pandemic hit physical businesses hard. All six requested anonymity.
“Word on the street is that revenue has declined around 20% this fiscal year and margins are deep in …
Four years after Bodhi Tree’s investment, the test-prep giant remains caught between a slowing legacy business and growth bets that are still in their infancy.
The UAE-based school operator is making a move into Saudi Arabia as it enters its biggest expansion phase yet.
The investment signals a shift from structured learning to bite-sized, bingeable learning that mixes entertainment with education. But can it deliver real-world skills?
