Qin1, a Noida-based edtech startup specializing in coding and English classes for students, has shut down operations entirely, resulting in layoffs for its entire workforce. The company, which had around 350 employees earlier this year, was unable to secure new funding amid a severe "funding winter" impacting the Indian startup ecosystem. Co-founder Aarti Gupta cited funding issues and failed acquisition talks as reasons for the closure, which occurred a couple of months prior to the report. Operating in the competitive edtech industry, Qin1 had raised a pre-Series A round in early 2021 but ultimately could not sustain its business, joining a wave of similar startups facing financial pressures in 2022.
