Before the covid-19 outbreak, education startups led by Byju’s had become favourites of venture capital investors After schools and colleges across the country shut down earlier this month, some online education startups were expecting hordes of students to flock to their platforms.
A few weeks later, while user traffic has surged, revenues have actually dropped, according to the companies. Traffic at some leading online education portals has surged more than 50% as parents and students desperately seek to avoid disruption in learning.
But as uncertainty grows around entrance exams, overall education spending is declining. “Our traffic has increased this month by 1.6 times and we think that people will not stop spending on education even