The education solutions company’s experience and simple business plan come a cropper in the face of the founder’s growing list of missteps, made worse by an unforgiving funding landscape.
In the latest in edtech carnage, the two-decade-old iNurture Education Solutions is unravelling. And, in the worst possible manner.
The Bengaluru-based company that sells upskilling courses to universities hasn’t been able to regularly pay its employees or deposit their provident fund and TDS (tax deducted at source) dues for more than a year now. Those who have quit aren’t getting their full and final settlement either.
Over the past year, most of the board members of iNurture have moved on. Three directors—representatives of private equity firm Ascent Capital and private credit fund ADM Capital—left in March, while another director exited …
Parvathi covered tech startups and large corporates at The Morning Context. She has been a journalist for eight years. Previously, she worked as a data journalist at The Hindu BusinessLine.
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