Cracks started to appear in the edtech sector in February, when the Ronnie Screwvala backed firm Lido announced its closure. Since then, reports about shutdowns and pink slips being handed out in the edtech sector have been hogging the limelight in the media. Firms like Unacademy, BYJU’S, Whitehat Jr., Toppr, Vedantu, FrontRow, and Udayy among many others have been in the eye of the storm recently.
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