Over the past two years, edtech startups in India have been treading rough waters, chasing profitability and cutting costs . Companies are now foraying into segments that inherently command higher profit margins.
The initial allure of Byju’s, which once attracted funding for the entire sector, has given way to a contrasting narrative, casting a shadow on the overall confidence in edtech. Startups are now pulling out all the stops to woo investors.
Industry insiders believe many investors signed reckless deals overlooking certain due diligence checks during the 2021 boom and fear many more cases will come out.
The past few months have seen edtech companies shift focus towards profitability, rationalization of spending, slowing growth projections, and a change in strategies. SoftBank-backed Eruditus is no ..
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