Startup Bluelearn to shut down, return 70% of money raised

Bengaluru-based edtech startup Bluelearn is shutting down and will return 70% of capital raised to investors. Founded in 2021 by BITS Pilani Goa alumni Harish Uthayakumar and Shreyans Sancheti, the startup raised funds from venture capital firms like 100X.VC, Titan Capital, Elevation Capital, Lightspeed and others. "Startups are unpredictable and failures are a part of the journey," Sancheti said.