Is classplus struggling for revenue ?

Classplus is falling apart. The CTO, CBO and VP-Business have resigned from the company amidst rumours around financial irregularities. Classplus now joins a long list of Indian startups caught amidst fraud/financial irregularities allegations. Classplus was last valued $600Mn in their last funding round and counts Tiger Global, Falcon Edge, Peak XV (formerly Sequoia India) as their investors.

Unacademy has just laid off the entire team of NextLevel and will be shutting the business. It is interesting to note that Relevel underwent a major pivot after failure and was rebranded to NextLevel. Gaurav apparently blindly wrote how this product will take on LinkedIn and make CV's redundant. Guess another unacademy experiment has failed but several employees are facing the brunt of the CEO's immature experimental nature.

I remember reading here last time that they are about to go ‘belly up’ soon - their were multiple senior leadership exits. Any news?

Edtech startup Classplus unveils second Esop buyback, over 150 employees eligible

What’s happening in Classplus?

It’s hard time for the community with these kind of asshole founders enjoying limelight with articles and media sitting quiet on this. They have fired almost everyone with their crooked and cruel strategy. Lame founders who micro manage and build strategies to fire people. They have a layer of puppets under them and make the whole plan to fire the employees- bhai itna mehnat kyu karte ho yaar, seedha muh pe bol do. They’re burning investor money and despite being productive laying these foundations for firing. Layoff everyone then, those puppets desite taking tons of bad decisions are being protected just because they lick their ass and pound them to be rockstars. They’ve hired hot girls under them for timepass and so called secret parties. Complete BS. I’m still surprised itna karne ke bad they are being celebrated what a country we live in.

List of companies doing silent layoffs using PIP and Cultural fit issues. Myntra Flipkart Meesho Cars24 Smallcase

https://entrackr.com/2024/06/exclusive-unacademy-in-talks-to-merge-with-orchid-schools-owner-k12-techno/

I’m surprised why isn’t this a news? More than 500 people are fired with crooked strategies planned by founders. With out financial support.