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.
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