Edtech startups go hybrid
If 2020 was the year of edtech, now is the time for its reckoning, especially as the pandemic recedes and offline educational institutes reopen. The likes of BYJU’S, Unacademy, and others are already looking at a hybrid model.
The nationwide lockdown in March 2020 led to edtech’s stellar rise—in startups as well as users. That year, edtech startups in India raised a record $2.2 billion, with the momentum spilling over to 2021 as well.
However, with offline education institutions reopening once again, online-first edtech startups are reinventing themselves by moving to a hybrid model.
Last year, launched 37 offline centres across Tier I and II cities to cater to students from Classes 4 to 10. This year, the edtech giant plans to launch 500 more across 200 cities.
Unacademy too launched Centres to offer offline classes for competitive exams, as well as foundation courses for high school students. In fact, even Vedantu is allegedly moving to a hybrid model.
What does it mean for edtech and the education sector as a whole? Read more.
Editor’s Pick: How to let go of employees
Layoffs can be difficult for both employees and employers. For employees, it can mean sudden loss of total income, instability, and anxiety. But employers may often find themselves with no other option.As part of
Entrepreneurship 101 series, YourStory spoke with startup founders to understand why companies let go of their employees and how to avoid losing them in the first place. Read more.
Startup Spotlight
Putting India on the global fast-fashion map
In a hypercompetitive apparel market, the unsold stock is the biggest challenge for businesses.
Surat-based fast-fashion startup is taking this dead stock to consumers via online channels. Its strategy has paid rich dividends in terms of revenue growth as well as profitability. Read more.
News & Updates
- Delhi-founded and Atlanta-headquartered robotic fulfillment and inventory optimisation startup has raised $110 million in a growth funding round led by Peter Thiel-backed Mithril Capital Management.
- User engagement and retention cloud startup CleverTap has acquired San Francisco-based Leanplum, a multi-channel customer engagement platform, for an undisclosed value.
- San Francisco headquartered has said it will invest $30 million in India over the next two years, making it the startup’s research and development (R&D) hub.
- Union Minister of Science and Technology Dr Jitendra Singh has called ISRO's decision to open its services and partnerships to the private sector a success, with 55 registered startup proposals being approved in the last two years.
Read more: [https://yourstory.com/2022/05/startup-news-updates-may-19-entropik-iit-kanpur-indifi-plum-lendenclub/amp ]
Before you go, stay inspired with…
“I think that the growth opportunity that India will provide is nowhere else in the world.”
— Karan Adani, CEO of Adani Ports and SEZ
Now get the Daily Capsule in your inbox. Subscribe to our newsletter today!