Vah Vah, a vocational training startup in India's edtech industry, laid off 150 employees in April this year before quietly shutting down operations. The company, founded in 2020 by former Zynga India head Shailesh Daxini, had raised $3 million in total funding from investors like Sequoia Capital India. The layoffs, which reportedly led to police intervention, came after Vah Vah reported a loss of INR 7 crore in FY22. The shutdown reflects broader challenges in the edtech sector, where many startups that grew rapidly during the pandemic are now struggling with weak unit economics and a funding winter.
