As offline learning resumes, India's edtech startups face correction, funding crunch

Photo: Unsplash

After amassing hordes of capital in the wake of the pandemic in 2020, India’s edtech startups – once a favourite with risk capital investors – are now having to tighten their purse strings and even resort to drastic steps like layoffs to keep their bottom lines intact.

The Indian edtech sector is seeing a fundraising slowdown of sorts with nearly 112 startups not having raised fresh funding in the last 18 months, according to data from research firm Venture Intelligence. Some venture capital firms saw this slowdown coming and exercised caution on their investments even before things went out of hand.

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