The turn of events at the edtech startup is a cautionary tale of a bull market, misaligned incentives to founders and a flawed sales process.
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For a country aspiring to be a superpower, with more than 250 million children in schools, India’s reluctance to participate in an international student assessment study is confounding.
At the ASU+GSV & Emeritus summit in Gurugram, even as experts rallied behind AI, everyone seems to have forgotten the significant failures in the last five years.
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.