Edtech startup DUX Education to close down operations in April 2023

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K-12 edtech startup DUX Education is closing down operations in April 2023 owing to the prevailing funding crunch in the Indian startup ecosystem.

DUX provides K-12 students with online school curriculum-based classes. The company’s closure is the result of its inability to raise funds, and the startup will continue to operate until March 2023, according to Mint. “We realised six months ago that raising funds had become difficult and we had to manage operations,” said DUX founder Rohit Jain to Inc42. As a result, we made the decision to halt operations. Parents and students rely on us to help them get through the school year, so operations will continue until March 31.”

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Edtech startup DUX Education to close down operations in April 2023

K-12 edtech startup DUX Education is closing down operations in April 2023 owing to the prevailing funding crunch in the Indian startup ecosystem.

DUX provides K-12 students with online school curriculum-based classes. The company’s closure is the result of its inability to raise funds, and the startup will continue to operate until March 2023, according to Mint. “We realised six months ago that raising funds had become difficult and we had to manage operations,” said DUX founder Rohit Jain to Inc42. As a result, we made the decision to halt operations. Parents and students rely on us to help them get through the school year, so operations will continue until March 31.”

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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