/
•
•
With the founders stepping back and focus shifting to AirLearn, the company becomes the latest casualty in India’s crumbling edtech dream.

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.
As the company weighs a move into test prep ahead of a 2027 IPO, the question is whether entering a category from which upGrad has consciously stayed away so far makes sense.
The UAE-based school operator is making a move into Saudi Arabia as it enters its biggest expansion phase yet.