Edtech Bubble News Today

Unless the sector goes back to the drawing board to come up with an alternative delivery model – perhaps a hybrid one, starts to work with schools rather than positioning itself as an alternative and above all, cleans up its marketing act and cuts its dependence on loans to consumers to drive acquisitions, 2021 may well end up being a mere flash in the pan

Byju Raveendran, founder and CEO, has reportedly financed his recent $400 million investment in the company through a debt he raised from multiple international banks, as the edtech giant plans for an IPO.