Edtech startup Udayy shuts down, lays off entire staff - Economic Times

Udayy raised around $10 million from US-based Norwest Venture Partners in February. It raised $2.5 million in seed funding a year ago. “We returned around $8-$8.5 million to the investors, said cofounder Saumya Yadav.

Bengaluru: Edtech startup Udayy has fired 100-120 employees and shut down after its business slowed following the reopening of schools offline. We had enough capital in our books, but the business n… [+2504 chars]

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