In today’s briefing:
- India EdTech Woes: Waning Demand, Dried up Funding & Risk of Eroding Valuations
India EdTech Woes: Waning Demand, Dried up Funding & Risk of Eroding Valuations
- BYJU’S (1391510D IN), the world’s most valued online learning company, shocked the street with reported losses of USD576 mn on revenues of USD286 mn for the year ending March2021.
- Post-Pandemic return to school has reset growth trajectory for India’s blooming EdTech sector that thrived during COVID times attracting multi-billion dollar valuations.
- Industry wide layoffs and few shut downs have raised concerns on growth prospects for edTech players and sustainability of their boom period valuations.
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