Already facing funding winters and layoffs, edtechs are in trouble again. The Central government has warned the ed-tech companies against unfair trade practices.
The Consumer Affairs Department under the Ministry of Ministry of Consumer Affairs held a meeting on June 24 with edtech companies raised concerns regarding increasing complaints against such firms from consumers.
Consumer Affairs Secretary said If self-regulation does not curb unfair trade practices, then stringent guidelines would be formulated for ensuring transparency.
Distressed with the low quality of the study material and bad quality tablets provided to children, many parents have complained about Ed techs services they were promised never materlised.
Leading edtech startup, Byjus which has recently self proclaimed its valuation to be around 27 Billion USD has the maximum complaints.