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Bengaluru-based upskilling startup Masai School learned a lesson the hard way.
Its pay-after-placement model began scorching its coffers when the startup ecosystem went into a two-year funding winter that drew a freeze on hiring and slammed the brakes on expansion. The edtech startup saw its revenue decline 11.43% from INR 36.84 Cr in FY23 to INR 33.06 Cr in FY24.
It wasn’t steep, but it blew the lid off a reality that the company could not preempt since it set sail in 2019.
Founder trio Prateek Shukla, Nrupul Dev and Yogesh Bhat…
