Ed-Tech trying to scale down CAC, eyeing sustainability and profitability
Sustainability and profitability are central to all businesses, regardless of the field. These two continue to be business essentials, despite the changed landscape post-pandemic. It will not be wrong to say that the pandemic brought about some severe changes in demand and supply. And one of the severely impacted domains is EdTech. Edtech companies witnessed a massive surge in demand during the pandemic. The need for remote learning increased with everything shifting online, even education. And it was at this hour that the meteoric rise of EdTech helped the helpless students see the light at the end of the tunnel. Unfortunately, the golden period is now over. Several edtech companies are now struggling to carry out their operations profitably. Let’s see some reasons why EdTech is struggling. Why Is Edtech Struggling? 2022 has been a dramatic year for the edtech industry. Lido informed its more than 1000 employees in February 2022 that it was shutting down ...