Bluelearn is shutting down
BITS Pilani graduates-founded BlueLearn is shutting down after raising $4 million in funding from investors, including 100X, Titan, Elevatio...
https://indianstartupnews.com/news/bits-pilani-graduates-founded-bluelearn-shut-down-after-raising-usd-4-million-6502839
Haha. Anything Bits pilani kids do is just show off big time. U put ur money in its mostly gone. That old bits is no longer present, i only see totally useless and fake product managers from BITS Pilani.
DaringTrain
Stealth
2 months ago
They are not BITS Pilani. They are BITS (Pilani) Goa. Although your generalization is stupid, but still it's important to point out the difference
Yaassir
Student
2 months ago
Even shittier then
Unfortunate. It's super difficult to build a consumer app.
Heard great things about the team and hope they get new opportunities soon
DaringTrain
Stealth
2 months ago
I never understood their business model in the first place. If you have followed them, can you make me understand what really worked for them that convinced really reputed investors to give them money
So retaining 30% i.e. $1.2M i.e. close to Rs.10 Crore received from investors. Is it not cheating?
criticalresourceF99
Stealth
2 months ago
That's not cheating in morden days but my mom dad generation call it as fraud
@Kumudha how is that cheating?
That was money they received from investors to build a startup.
95% of funded startups fail, investors know it when investing
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BiryaniEnthu
Stealth
2 months ago
Ed tech is super super hard
D0nkey05
Stealth
2 months ago
THERE IS NO CORE BUSINESS MODEL! A business needs to bring in cash consistently to stay afloat let alone be profitable.
Yaassir
Student
2 months ago
Good riddance
DaringTrain
Stealth
2 months ago
There are companies which change habits. How are they expected to make money in the first place, when people don't understand them and have no incentive to pay for them. That's why venture funded businesses exist. Otherwise, you wouldn't have an Uber or a Zomato or a Blinkit.
They were a solution who were finding a problem . Could have referred grapevine 😜
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