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Over the past two years, edtech startups in India have been treading rough waters, chasing profitability and cutting costs . Companies are now foraying into segments that inherently command higher profit margins. ....
India Business News: Discover how the Netflix model can potentially save India's online learning apps. Read about the success of Physics Wallah and its impact on the online test-prep business in India. ....
Alakh Pandey took at Rs 50000000 cut from his FY2022 salary which stood at Rs 96000000. After the massive cut, Alakh Pandey’s in FY2023 stood at Rs 45700000. ....
The Alakh Pandey-led company saw its net profit nosedive to Rs 8.9 crore in the financial year 2022-23 (FY23) from Rs 98.2 crore in FY22, owing to a rise in its expenses, according to a report in leading startup news portal Inc42. PhysicsWallah Registeres Massive ‘91%’ Plunge in Its Profit to Rs 8.9 Crore in FY23. ....
FIITJEE is among India s largest and oldest test-prep coaching centres, but its profits have been declining in recent years amid competition from edtech startups ....