Mumbai: The Indian edtech industry has witnessed a dream run in the past two years. The pandemic turned out to be a boon in disguise for the fledgling sector, which saw blockbuster growth with schools and educational institutes switching over to the online mode. This paved the way for the rise of numerous ed-tech startups, with the space attracting a slew of investors and funding, helping several of them script success stories.
However, now with the reopening of schools and offline institutes accompanied by an inflation-induced “funding winter,” edtechs face an uncertain future. Questions are being raised about the effectiveness of online learning as consumers become more sceptical of the digital learning model and the additional costs it entails. Several established companies in the space, including Unacademy, Vedantu, Lido, and Byju’s WhitehatJr., have had to resort to layoffs to…
