India’s edtech unicorn founders have been recovering from slackening market demand and revenue loss, except Alakh Pandey’s Physics Wallah
The majority of founders who sold their companies continue to work in merged entities, even as a few have taken huge exits between 2020 and 2022
Edtech founders who shut companies are either on their next career move or returning money to investors
The only exception to this seems to be Physics Wallah, which has raised millions of dollars and expanded in the last three years. Mostly everyone has suffered since late 2021.
Economists and analysts talk about global economic cycles of hypergrowth followed by price corrections and resets.
In the case of edtech, the distribution model shift from online to offline has been the biggest pain point for founders, and there’s something to be said about their vision as well.
Most founders jumped at the opportunity to cater to the online learning wave amid the pandemic, but the subsequent downfall indicates that many did not have a long term vision that is especially critical in edtech.
.svg){kind=logo}
Ad-lite browsing experience