Edtech Startup Bluelearn Shuts Operations, Returns 70% of Capital

- Bluelearn, a social learning platform, announced its shutdown due to challenges in scaling the business. - The three-year-old startup will return 70% of the capital it raised to its investors. - Bluelearn had raised nearly $4 million from investors including Elevation Capital, Lightspeed, and Titan Capital. - Co-founder and CEO Harish Uthayakumar cited the difficulty in building a venture-scale business as the reason for the shutdown. - The startup, which began as a Telegram channel, had over 250,000 members and helped students with internships, jobs, and networking. Source: Entrackr