After Byju’s announced the layoff of 2500 employees in the coming six months, another education technology company, FrontRow, has laid off 130 employees.
The non-academic e-learning company operates in the areas of creative art and sports — cricket, music, photography and film-making. Its business model is similar to the likes of MasterClass, a US-based startup that collaborates with celebrities to provide e-learning courses in their respective fields.
FrontRow has collaborated with sports stars such as Suresh Raina, Bhuvneshwar Kumar and Yazuvendra Chahal. Neha Kakkar, Vishal Dadlani and Amit Trivedi are some of the starts part of the celebrity faculty on FrontRow.
As per the Company statement, the sales and marketing-led approach did not really work for FrontRow given the market scenario. That is why, it will have to let go of some of its talent.
Earlier this year, in the month of May, FrontRow had sacked 145 of its employees, both full time and contractual. After the current round of layoffs, the Company’s workforce has shrunk to a mere 40-45 employees.
However, the Company remains confident that the market situation will improve and hopes to bounce back soon. After all, there is no dearth of people in India who are eager to follow their passion and do what it takes to enhance their talent.
Founded in 2020, the Company raised $14 million in its Series A funding which was led by Eight Roads Ventures and GSV, with participation from existing investors Lightspeed and Elevation Capital. The round also saw participation from angels such as Vishal Dadlani, Raftaar, Kunal Shah, Gaurav Munjal and Farid Ahsan.