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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Social media is littered with instances of parents and students running from pillar to post to get their money back once they realize the courses they signed up for are worthless. The absence of regulatory oversight has only made matters worse.
Three thousand two hundred rupees. That is the equated monthly instalment, or EMI, Shubham Dhande has to pay for his Unacademy subscription every month. At times he mans his father’s tea stall or does odd jobs; sometimes his grandfather gives him part of his pension—anything to put together the EMI. Or else the recovery agents will come knocking.
Dhande, 24, comes from a lower-middle-class family in Amravati, Maharashtra. While his father runs a tea stall, his mother works as a cook in the army canteen. Their only shot at a better life is if Dhande gets a good government job. …
Believing education is the key to success, Unacademy raised $880 million and reached a $3.4 billion valuation, only to crash 90%. Its co-founder and CEO gets candid about the state of the startup and Indian edtech.
Physics Wallah’s desperate pursuit of growth has led to another bold announcement. The latest move centres around one of India’s most competitive test-prep pockets.
For one of the world’s largest and shrewdest investors to entirely skip putting money in the country is a sign of how quickly the nature of the Indian startup ecosystem has changed.
