This comes months after Adda247 allegedly spent as much as Rs 100 crore to poach five teachers from PhysicsWallah, another WestBridge Capital-backed company, to start a platform on YouTube called Sankalp.
Kotak Mahindra Capital and Goldman Sachs are currently in advanced talks to be selected as financial advisors, with Kotak closely collaborating with the startup to determine the IPO s structure
As the world emerges from the pandemic era, over-hiring, cost pressures and funding challenges have posed fresh problems for companies. .The layoffs which started last year has only increased since the beginning of 2023.