![]() ![]() ![]() ![]() However, Udayy could not tap into that segment. Several edtech firms are presently venturing into hybrid learning models that involve both online and offline learning. Last week, Unacademy founder Gaurav Munjal, whose company let go over 1,000 on-roll and contractual staff recently, told employees in an email that “winter is here” and that cost-cutting would be the company’s key focus as funding would remain scarce for at least the next 12-18 months. Last week, edtech platform FrontRow announced layoffs as the company went into restructuring mode to increase efficiencies and lengthen its runwayĪfter years of hypergrowth, edtech firms are now bracing for a slowdown in funding and a few, including Unacademy and Vedantu, have retrenched employees to cut costs. In February, edtech startup Lido Learning also announced that it was shutting down, citing similar reasons. Many tech startups have either shut down or restructured operations. ![]()
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