Stoa laid off 90 percent of their workforce
I heard from someone in the industry that Stoa laid off most of the people and only 7 of them are still there, including 4 of their co founders. The Main reason was that they were not able to provide placements to the members and their experience had turn to shit . What is happening with ed tech , also the sauce is that now they are pivoting into self paced courses following the coursera model. Alternative MBA nahi chal payega India .
MBA (any course for that matter) is a “means-to-an-end” to a good job. If no job no demand of that course . Maybe they weren’t able to screen good candidates. As good candidates go to top B schools. The avg guys didn’t get job as expected and then revolted .
Many edtechs tried this model of taking avg students and promising jobs but jobs are hard to come by even for good candidates. Hence their models fails.
If education in India has to be improved it has to start at the school education.
+100
Outcomes was the issue
If someone really wants a MBA from out here just target top Bschools. You cant break the cartel that has been set for years.