Edtech's Toughest Year: Lessons From 2022 For BYJU'S, Unacademy & Co
India, Dec. 6 -- This should be a forgettable year for Indian edtech startups in many ways - but having spent the past 11 months examining edtech's frailties, we can tell there's a sense that the hard lessons of 2022 will have some bearing on the next few years.
After the golden era of 2020 and 2021 when edtech adoption peaked and when funding was flowing in, the reopening of schools and colleges has made scaling up considerably more expensive for online learning startups.
It's been a year where the credibility of edtech has been questioned time and again, underlined by a major funding crunch leading to downsizing, restructuring and layoffs at BYJU'S, Unacademy and Vedantu - in other words, the three largest K-12 and test prep edtech un...
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