Camp K12, an edtech startup, is the most recent online education provider to lay off workers as students return to classes and investors pull back on funding. The Gurugram-based firm reportedly laid off 70% of its workforce.
The coding education technology firm is accused in a report of not paying its employees on time. Camp K12 was founded by Anshul Bhagi, a graduate of the MIT and Harvard Business Schools classes of 2010.
Camp K12 was founded in 2010 by Anshul Bhagi, who saw a need to connect teachers and students in grades K-12 for more engaging and effective STEAM (Science, Technology, Engineering, Art, and Math) instruction. Thousands of employees at edtech companies in India were laid off in the past year. The $22 billion edtech unicorn BYJU’S, as well as Unacademy, Vedantu, and Tiger Global, all backed by SoftBank, have all laid off employees. In January of this year, 20% of the workforce at Unacademy’s sister company, Relevel, was laid off.