Platforms like PhysicsWallah, Byju’s and Unacademy are also bringing students new offerings
The pandemic-induced success for edtech start-ups in India is slowly waning. As more and more students make their way back to traditional forms of offline learning, edtech firms have seen a fall in the number of students using their platforms.
Adding to the problem are the recent financial updates from Byju, which reported losses greater than what the company earns. This has raised questions on the high valuation that some edtech companies have received.
Byju’s FY21 loss was at Rs 4,588 crore and revenue for the financial year came in at Rs 2,428 crore.
With the offline lure of greater
First Published: Sep 23 2022 | 7:43 PM IST