CosmicTaco
Edtech Startup Bluelearn Shuts Operations, Returns 70% of Capital
- Bluelearn, a social learning platform, announced its shutdown due to challenges in scaling the business.
- The three-year-old startup will return 70% of the capital it raised to its investors.
- Bluelearn had raised nearly $4 million from investors including Elevation Capital, Lightspeed, and Titan Capital.
- Co-founder and CEO Harish Uthayakumar cited the difficulty in building a venture-scale business as the reason for the shutdown.
- The startup, which began as a Telegram channel, had over 250,000 members and helped students with internships, jobs, and networking.
Source: Entrackr
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