Edtech startup Udayy, backed by Info Edge, has shut down entirely and laid off all its employees, affecting nearly 100 staff members. The closure, announced in June 2022, was driven by stagnating growth as children returned to physical schools in the post-pandemic world, undermining the company's online live-learning model for grades 1-5. After evaluating various pivots, the founders decided to cease operations, refund customers, and return remaining capital to investors. The company provided severance packages and assisted nearly all affected employees in finding new jobs.
