The CEO of a Bengaluru firm was arrested after the company cheated 2000 students of Rs 18 crore on fake promises to generate educational loans and misappropriating the funds. Police officials said that each of those students were cheated in excess of Rs 2 lakh.

Bengaluru firm cheats 2,000 students of Rs 18 crore, CEO arrested

Another EdTech scam! Disruption in prison now ;)

Product Manager

Another EdTech scam! Disruption in prison now ;)- Grapevine

Welcome to Office Gossip's Private Community

Got to know through my network that Brainly india has asked the entire team from their MD to all junior folks to go. Reason - sudden change in strategy.. they didn’t let the product even launch.. the team was in full swing prepping.. impacted folks 30+ or around that number.. within 6 months of hiring everyone.. while in the interviews they promised 5 years runway.. long term strategy for india.. ceo didn’t even apologise.. they come hire Indians and let go at the drop of a hat.. the employment contract said that either party have to give 3 months notice to resign.. so that’s what they did they are giving 3 months pay not in one go but month on month and after that nothing. No severance pay, no bonus paid to eligible employees, no help in finding jobs , no mental health support, medical finishes in 3 months.. in this time when hiring is on global freeze they have treated Indians like puppets come hire and fire when you want, they have money in bank account a runway for 18-24 months.. still they couldn’t hold on to india team.. heartless way of dealing with junior folks how will we find jobs

Brainly India - entire team laid off

Was interviewing at one of the acquisitions of a major edtech player for a design role in Bangalore roughly 2 years ago.

🚩 Didn't share agreement on email unless I came to office for a day's worth of work (after completing interview assignment).

🚩 Exit clause in agreement mentioned company can terminate contract any time with a few days notice, no provision for me ending contract (never in my life did I see such a one-sided contract).

🚩 Was asked to reuse free resources available online to repurpose content for them (why fucking raise funds if that's all you want to do).

🚩 Overheard - "Who cares about quality, just bring in teachers who are influencers that can bring more students behind them". Boiled my blood.

🚩 Was tweeting all of this in a discussion about edtech on some thread without naming the company. Got asked to chat with founder's office guy while I was leaving at the end of day. They either stalked my socials or somehow came across my tweets and wanted me to bring my concerns to seniors instead of sharing them publicly. Excuses that were given - "We are a growing company, not everyone here is on our payroll, there's a mismatch in our teams internally, will take time to fix" etc etc.

"You seem very passionate about education, you know how bad it is in India and we're trying our best to make a dent". Balls making a dent. I was even more furious by the time he was done talking.

Politely asked me to delete the tweets (which I later did because I believe in second chances and not burning bridges).

Did not sign agreement or return to work. Came to know later of more toxic stories coming out of edtech companies.

Avoid edtech in India like the plague if you're still considering applying anywhere, this shit is not worth any amount of money. They are literally destroying our future and care more about their investors and VCs rather than their students or even the larger startup ecosystem.

I hope these shitshows shut down soon.

Indian Edtech is a dumpster fire

Generalist

Welcome to News Discussion's Private Community

Online learning never happened. All edtechs are going offline

Product Marketing Manager

This will be taken down from reddit by mass reporting in some time. So sharing it here before that. Ps: not my post

🚨 EdTech scam

Investor

Welcome to Product Managers's Private Community

I have been on this journey for a long time now. Lots of failure comes with loads of learning. Each step or initiative I took has helped me grow as a person, the business guy (ed-tech, media space), and also in terms of technicalities (full-stack product management, hardcore hands-on into technology and I love user experience)

Ps: currently running an edtech startup in pre-seed/seed stage

Feel free to ask anything, would be happy to help even personally

5 years of failure (Entrepreneurship) AMA

Founder

Welcome to Indian Startups's Private Community

A lot of people at Unacademy have already resigned, and they are unable to hire replacements from the market( for who knows what reasons). Now as we all know people who are left in the organisation are going to have a tough time. 

Leaves not being approved, longer hours at work, mental harassment in the name of being available 24*7  is becoming a day to day thing. Now they are forcing people to take up sections of business one has never dealt with and are threatening to fire them if they are denying those roles. 

People who left the organisation in 2022 are the luckiest and well a bunch of well informed individuals who saw the end of this company before anyone else could have. 

What a time to be in edtech, indeed

Major Shakeup at Unacademy

https://inc42.com/features/how-edtech-skill-lync-pushed-students-into-a-debt-trap-with-false-promises/

Another edtech bites the dust alongside Eduvanz (my ex co)

Sad state of Indian Edtech. Next would be Unacademy.

BlackRock has yet again cut the value of its holding in Byju's, slashing the implied valuation of the Indian startup to $1 billion from $22 billion in BlackRock has cut the value of its holding in Byju's, slashing the implied valuation of the Indian startup to $1 billion from $22 billion in early 2022.

BlackRock cuts Byju's valuation by 95% to $1 billion | TechCrunch

Just in : BlackRock cuts Byju’s valuation by 95% to $1 billion 🌀

Software Developer

Program Manager

Welcome to IT Company Discussion's Private Community

Do institutes like scaler and bosscoder are really scam or do they provide placement aids and have people able to transition successfully ?

Is edtech really scam

Was interviewing a lady for augmenting specific skills I need at a project I am currently running.

I asked her for details on where she was working at, and her answer verbatim:

"Waise to ye coaching class hai but owner isko Ed Tech bulaate hai."

Another EdTech scam! Disruption in prison now ;)

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