Unacademy’s hope may lie in offline coaching centres, which go against its original goal of tech-driven disruption, but are a dependable and lucrative business model
The latest round of layoffs and Relevel's move to shut down its core business further highlights the predicament of the job guarantee vertical, which was struggling since August last year
The comments from former SC Judge come at a time when edtech companies in India, including some of the biggest have come under fire for allegedly mis-selling and over-selling of courses and subscriptions
With the growth engine sputtering, funding slowing down and the spectre of regulation looming large, there are many curveballs that Unacademy and its peers will have to grapple with in the coming months. At a time like this, Gaurav Munjal has been extremely bullish on Relevel
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Interestingly, the slowdown in the job market doesn’t seem to have affected other recruitment platforms like Naukri. That company, run by Info Edge, said its recruitment business recorded 49 percent growth in new customers and billing growth was witnessed across IT and non-IT.