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Ken Article Indian Edtech
Ken Article Indian Edtech
I had a radical thought when I started to write this edition. What if we turned India’s vast
tuition system on its head? What if, instead of going to maths, science, or computer
science tuition, we sent our kids to history, geography, civics bootcamps—all the stuff in
school for which you mug up to pass tests. Where are the edtechs dedicated to teaching
the Battle of Panipat with animations and personalized assessments…? Oh wait.
Still, if political winds do shift again, and plentiful VC money makes its way back to the
sector, we can perhaps hope for edtechs who are willing to experiment. Have a fresh take.
Take a new risk. Tackle a new subject, with the enthusiasm they once showed for “1:1
coding”.
The chances are slim right now. That’s because edtech’s hiring freeze-turned large-scale
sacking isn’t over yet. Unacademy reportedly let go of “350 roles” this week, an
approximate 12% of their total staff. Erstwhile major recruiters like Byju’s and Vedantu
have also trimmed down and are running leaner operations. With the exception of
Physicswallah, which has quickly eclipsed other edtechs both in terms of revenue and
popularity, B2C edtech seems to have neither the will nor the strength to regenerate the
roles they’re losing.
At Unacademy, new hires have gone down from 722 in January 2022 to a low of 150 in
March 2023, according to LinkedIn’s insights
“It’s all defensive hiring. The talent acquisition teams that came to us for candidates are
themselves out of a job,” Ankur Agarwal tells me over the phone. Agarwal is the founder
of a Noida-based human resources (HR) firm called Lakshhr that helped edtechs hire in
massive numbers during the boom in 2021.
In May 2022, Ed Set Go tackled the issue of edtech’s big chop, and who were the first ones
to go. The entry-level frontline (across sales, customer service, and operations) was
dropped quickly in favour of digital marketers who could convert online leads (but boy,
did that change!). Almost a year later, the picture is still pretty grim. More crucially, some
roles may never come back to edtech, unless things change drastically.
Machines vs inventions
A useful way to think about edtechs is their evolution(?) from inventions to machines. As
inventions, they were allowed to experiment with different technologies and business
models. The novelty of using tech to solve learning or teaching problems was still… novel.
The possibilities for scaling were unmatched. The price points, for quality education, were
unbelievable. We may not have invented new ways of learning—it was still a digital
lecture—but we had hit upon something new.
I would argue that these fledgling inventions were coaxed into becoming big machines
partly by how much money they raised. Everyone was in a hurry to see the big edtech
flagship industry come out of India—Byju Raveendran even made it a personal goal—and
churn out machine after successful machine. And you needed lots of staff to turn all the
cogs.
But yeah, this kind of stuff is surely gone now.
[Ad on Reddit]
What got lost in the mad rush was the invention, and the inventors. And because no one’s
building anything new, the need for creators, designers and even product managers has
been slashed by approximately 70%, according to Agarwal.
Agarwal and I are catching up almost a year after our last chat and both of us agree that
the roles now left behind in B2C edtech are mostly ones that keep the sputtering machines
running: sales people, category heads, content developers, engineers. Definitely essential
work, but no one’s looking around for a chief innovation officer. It’s all rinse, repeat.
“It’s not just online sales. In places like PW (Physicswallah) or Aakash, you’re hiring
people who can do both online and offline sales,” says Agarwal. These salespeople may be
calling parents one day and pitching to principals the next.
There are also concerns around what courses will survive the big “AI hit”. Edtechs that
offer a number of Python courses, for instance, may see their demand dwindle if coding
in Python just isn’t relevant anymore.
What do you do then with a team whose sole purpose was to create and sell these courses?
I asked GPT to tell me wrong ways to solve the problem and it was not able to reproduce
any wrong ways. Then I gave it one of the wrong answers, and asked how to go from
question to wrong answer and it kept failing... so I felt that it lacks data on how people
make mistakes.