Taking to social media, Stoa’s cofounder Raj Kunkolienkar announced that after four years, the startup will shut its operations.
Earlier this year, the startup launched a new AI-based enterprise agent platform called Zeus
Founded in 2020 by Kulkarni, Raj Kunkolienkar, and Manoj Kambadur, Stoa has served over 1,500 students across 15 cohorts
Bengaluru-based Stoa, the poster child of alternative MBA, has shut down its operations. Taking to social media, Stoa’s cofounder Raj Kunkolienkar announced that after four years, the startup will shut its operations.
Calling the decision “gut-wrenching” Kunkolienkar said that in a bid to provide affordable business education to millions, online was the key. However, he noted post the pandemic, there was a dip in online-learning and the company chose against going offline.
“Despite having built a strong brand, we decided against going offline because the economics of that move would lead us to a…