The collapse of the online tutorial platform leaves in its wake a string of broken promises that might have severe repercussions for the edtech ecosystem.
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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.
Unlike last year, top-tier engineering colleges can expect to see a lot more companies (many of them startups) coming to campus.