Exclusive: Matrix Backed Edtech Startup Crejo.Fun Shuts Down; Failed To Raise Funding

Exclusive: Matrix Backed Edtech Startup Crejo.Fun Shuts Down; Failed To Raise Funding

SUMMARY

Crejo.Fun’s cofounders informed the employees that the startup will be shutting down its operations impacting over 170 employees

The startup is also looking to sell the IP and the product so it can return some investor capital

Crejo.Fun is the third edtech startup, after Udayy and SuperLearn, to wind down operations in 2022

Matrix Partners-backed Crejo.Fun has become the latest Indian startup to shut operations amidst the economic downturn and funding winter.

The cofounders of the extracurricular activity edtech startup informed the employees about their decision to shut down the operations in a townhall, sources told Inc42. 

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