07 Oct '15, 2pm

An IPO, an acquisition, and now his #third startup has $3M to crack elearning

An IPO, an acquisition, and now his #third startup has $3M to crack elearning

An IPO, an acquisition, and now his third startup has $3M to crack elearning October 7, 2015 Many a startup have found the highly regulated education space in India a tough nut to crack. Despite the obvious advantages of edtech, selling new ideas to schools and colleges is time-consuming and frustrating. “The sales cycle is too long in this space. Sometimes, it takes six months to get a new client,” entrepreneur Chaitanya Chitta told Tech in Asia in an earlier interview . Chaitanya co-founded edtech startup Smarton, which shut down early this year despite having a few big clients. “You are dependent on the whims and fancies of the owners or the management of these educational institutions,” he said. Government regulations add another layer of complexity. That’s why most edtech startups like Embibe and Toppr have focused on exam prep, which is consumer-oriented and independ...

Full article: http://svca.org.sg/an-ipo-an-acquisition-and-now-his-thir...

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