In a recent development, Exampur, a test preparation startup, has encountered financial challenges, leading to significant consequences for its employees.
The initial allure of Byju’s, which once attracted funding for the entire sector, has given way to a contrasting narrative, casting a shadow on the overall confidence in edtech. Startups are now pulling out all the stops to woo investors.
Founder Vardaan Gandhi told Moneycontrol that the company plans to pay off salaries and full and final settlements in the next four months, with the first tranche being remitted by January 31.