Over 2,000 startups in edtech sector shut shop in past five years

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However, the reopening of physical classrooms, coupled with reduced investor confidence, led to a sharp decline in the sector’s fortunes.

Similarly, Elevation Capital-backed Bluelearn, an upskilling and job search platform, ceased operations in 2024.

Recently, Stoa School, an alternate business education platform backed by Zerodha founder Nithin Kamath, announced its closure.

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Category: BusinessFinance

Markets: India

Topics: Edtech challenges UpGrad layoffs Ravi Kaklasaria Bluelearn closure Edtech innovation Pandemic impact on edtech India edtech Education technology industry EdForce Workforce upskilling Traxcn Indian startups Edtech startups shut down Edtech funding Lloyd Mathias Nithin Kamath Unacademy restructuring Funding slowdown Edtech sector Stoa School closure Elevation Capital Edtech startups Consolidation in edtech Tracxn Feed Geo Report

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-08 @ 19:28:00 (18 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 393 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24976304

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