The company competes with CultFit, a unicorn startup that runs a chain of fitness centers and acquired Tread, a company that makes smart fitness bikes.
Southeast Asian startups raised a total of USD 8.2 billion in 2020, down 7% from USD 8.79 billion in 2019, with 80% of the exits being mergers or acquisitions.
Before a delicate balance between the impartiality and efficiency of education is found, Chinese edtech startups have no choice but to cross the river by feeling the stones.
The total wealth held by Indian ultra-high net worth individuals will also grow to over USD 700 billion by 2024, as compared to USD 440 billion in 2019.