India’s education-technology companies—some of the biggest beneficiaries of the pandemic tech frenzy—are facing testing times. All will not pass.
Last week, local media broke the news that Byju’s, India’s largest ed-tech startup, was struggling to turn the page on the $800 million funding round it unveiled in March. Investors Sumeru Ventures and Oxshot had not yet transferred committed capital of approximately $250 million for “macroeconomic reasons,” according to the company. Byju’s says it expects to get the funds by the end of August.