Soon after the Byju’s debacle, Unacademy is in distress. Once a high-flying edtech startup, it is searching for a respectable way out.
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The recent spate of exits at the newly independent VC firm is not a surprise. It is a reset for a fund that’s so far operated as if it is special and now has to adjust to new realities.
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.
As the beleaguered edtech company fights bankruptcy, a deeper look at how reports by leading consulting firms—meant to serve as independent assessment—instead became a tool to drive up valuations and shield companies from criticism.