A lawsuit filed by Unacademy’s former tutor reflects the strain between the test-prep company and its educators. It also indicates the wider problem of too much money chasing too few educators in India.
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The Bengaluru-based edtech company seems to have flogged its US assets multiple times over the years, putting a question mark on the ownership of the entities that stood guarantee for its $1.2 billion term loan.
Unlike last year, top-tier engineering colleges can expect to see a lot more companies (many of them startups) coming to campus.
The edtech startup’s four-year journey from ambitious disruptor to shutdown offers crucial lessons on innovation, market realities and the resilience of traditional higher education institutions.