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Situation with Edtech firms.

Any Goss on the financial health of Edtech firms like LEAD, Unacademy? I hear there's one more round of layoffs coming.

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ShinyDoc11

Morgan Stanley

2 years ago

It’s going to get worse. Literally all of them are trying to open offline centers. I recently heard that unacademy was in talks to acquire some gurgaon based company with 30 offline centers. Byjus did something similar with Akash. Vedantu also bought a company with offline centers. Kids don’t want to learn online anymore. Even though they survive the winter, their core model doesn’t have any growth left, they’ve to find a silver bullet. And right now silver bullet looks like offline centers.
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DrProduct

Amazon

2 years ago

I think it’s BYJUs that has a high chance of going dry. Unacademy took the signs of the recession early and started converting cash. I suspect massive layoffs at BYJUs continue in 2023 and only minor ones in Unacademy
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ProteinPancakes

Stealth

2 years ago

I feel like the early signs of the problem was when online edtech went started switching to the offline model.
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