DancingBiscuit
DancingBiscuit

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.

23mo ago
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SleepyNugget
SleepyNugget
Amazon23mo

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

QuirkyPancake
QuirkyPancake

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.

BubblyDonut
BubblyDonut

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

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