Stoa Layoffs

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Stoa, a Bengaluru-based startup offering an alternative MBA program, has shut down its operations after four years, effectively laying off its entire team. The company, which had served over 1,500 students, cited a post-pandemic dip in demand for online learning as a key reason. Co-founder Raj Kunkolienkar explained that while the company built a strong brand, it decided against transitioning to an offline model due to unfavorable economics that conflicted with its mission of affordable education. Earlier this year, Stoa attempted to pivot by launching an AI-based enterprise agent platform called Zeus, but this initiative did not sustain the business. The closure marks the end for a notable player in the edtech and alternative business education space.

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