Shadow lenders see loan demand from edtech firms dry up2 min read . Updated: 03 Jun 2022, 05:35 AM IST
The reopening of schools and falling investor interest have dampened spirits in edtech sector, even as some non-banking financial companies (NBFCs) avoid the segment due to perceptions of higher risk
MUMBAI : The breakneck expansion of India’s edtech sector over the last two years is cooling off, with startups seeking fewer student loans from non-bank lenders who are, in turn, turning lukewarm to the sector.
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