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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.
The exit makes K-12 a two-horse race and raises an important question—if Unacademy, with all its might, can’t build a sustainable business in the segment, who can?
Editor's note: The K-12 segment—edtech terminology for kindergarten through the 12th grade—has claimed its latest victim. And it is a big one. Unacademy, India’s second-largest edtech company with a valuation of $3.4 billion, is shutting down its K-12 business with immediate effect, according to three people in the know. “They stopped new sales in the K-12 segment from 1 March. Organic sales will continue for 90 days, starting 1 March and then they will shut down completely,” says one person, requesting anonymity. “All the people in the segment are being moved to different verticals.” A second person confirms this. “Just six months ago, they were hiring many people in the vertical. The focus was to spend big in K-12 and go head-to-head with Byju’s and Vedantu,” he says, also requesting anonymity. “But those hirings have stopped. The focus has now shifted to Relevel. People in the K-12 vertical are being moved around. A winding down looks imminent.” “His hypothesis was different from the norm,” says a third person, also asking not to be named, referring to Unacademy CEO Gaurav Munjal. “He kept …
The exit makes K-12 a two-horse race and raises an important question—if Unacademy, with all its might, can’t build a sustainable business in the segment, who can?
Editor's note: The K-12 segment—edtech terminology for kindergarten through the 12th grade—has claimed its latest victim. And it is a big one. Unacademy, India’s second-largest edtech company with a valuation of $3.4 billion, is shutting down its K-12 business with immediate effect, according to three people in the know. “They stopped new sales in the K-12 segment from 1 March. Organic sales will continue for 90 days, starting 1 March and then they will shut down completely,” says one person, requesting anonymity. “All the people in the segment are being moved to different verticals.” A second person confirms this. “Just six months ago, they were hiring many people in the vertical. The focus was to spend big in K-12 and go head-to-head with Byju’s and Vedantu,” he says, also requesting anonymity. “But those hirings have stopped. The focus has now shifted to Relevel. People in the K-12 vertical are being moved around. A winding down looks imminent.” “His hypothesis was different from the norm,” says a third person, also asking not to be named, referring to Unacademy CEO Gaurav Munjal. “He kept …
AI is set to disrupt the sector. While the path ahead looks tough for legacy publishers like S Chand Publishing and Arihant Publications, things don’t look encouraging for others in the industry either.
As AI advances rapidly, leadership, judgment and strategy matter more than ever. Today’s MBA is evolving to shape leaders for an AI-led world.
For one of the world’s largest and shrewdest investors to entirely skip putting money in the country is a sign of how quickly the nature of the Indian startup ecosystem has changed.
AI is set to disrupt the sector. While the path ahead looks tough for legacy publishers like S Chand Publishing and Arihant Publications, things don’t look encouraging for others in the industry either.
As AI advances rapidly, leadership, judgment and strategy matter more than ever. Today’s MBA is evolving to shape leaders for an AI-led world.
For one of the world’s largest and shrewdest investors to entirely skip putting money in the country is a sign of how quickly the nature of the Indian startup ecosystem has changed.
