> ## Content Index
> Fetch the complete content index at: https://www.techloy.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# This Indian learning platform has closed down, after raising $4M in funding
- URL: https://www.techloy.com/this-indian-learning-platform-has-closed-down-after-raising-4m-in-funding/
- Published: 2024-07-23T15:09:02.000Z
- Updated: 2024-07-23T15:09:02.000Z
- Description: It joins the growing list of India-based startups that have shut down operations in the past year.
- Author: Techloy
- Tags: Edtech, Tech in India, / Startups, bluelearn

Indian social learning platform bluelearn, which raised over $4 million since its launch more than three years ago, is shutting down its operations, citing its inability to build a venture-scale business.

Announcing the "hard decision" to shut down the 250,000 member-strong platform, co-founder Harish Uthayakumar, wrote on X that its mission was "to create an online university that levelled the playing field and allowed students studying in tier-2,3 colleges to access opportunities to learn, network, earn and get exposure similar to students at a BITS or an IIT."

> We have made the hard decision to shut down bluelearn and return 70% of the capital we raised back to investors.  
>  
> Bluelearn has been a very unusual startup. Shreyans and I started it back in 3rd year of college as a Telegram group that suddenly grew to 10,000 members, and soon,…
> 
> — Harish Uthayakumar (@curiousharish) [July 21, 2024](https://twitter.com/curiousharish/status/1815025519743603188?ref%5Fsrc=twsrc%5Etfw)

However, he and his team realized "that building a venture-scale business with bluelearn was tough," and have now "made the hard decision to shut down bluelearn and return 70% of the capital we raised back to investors."

According to a message on bluelearn's website, the startup hopes that its members saw value through the platform whether through internships, projects, or learning.

![](https://storage.ghost.io/c/c1/a6/c1a6d111-d951-41ad-a392-c1e841210b93/content/images/2024/07/Screenshot-2024-07-23-151110-1.png)

Founded in August 2020 as a telegram channel for students to help each other with common questions, bluelearn helped thousands of students get internships, land jobs, start their own startups, and find co-founders from over 20 countries including the United States, the United Kingdom and Singapore.

The edtech platform joins the growing list of India-based startups that have shut down operations in the past year, including ByteDance's music streaming app [**Resso**](https://www.techloy.com/tiktok-music-streaming-service-global-resso/), crypto exchange **OKX**, Neobank **Muvin**, fintech startup **GoldPe**, social media platform [**Koo**](https://www.techloy.com/indias-koo-app-shuts-down/) and AI-driven health startup **Nintee**, with some even returning investor's money.

[Byju’s is facing its biggest crisis ever as it aims to avert a potential shutdownIt remains to be seen if it can overcome insolvency and avert a potential shutdown.![](https://storage.ghost.io/c/c1/a6/c1a6d111-d951-41ad-a392-c1e841210b93/content/images/size/w256h256/2023/07/techloy-avatar-1.png)TechloyLoy Okezie![](https://images.unsplash.com/flagged/photo-1574097656146-0b43b7660cb6?crop=entropy&cs=tinysrgb&fit=max&fm=jpg&ixid=M3wxMTc3M3wwfDF8c2VhcmNofDJ8fGluZGlhJTIwbGVhcm5pbmd8ZW58MHx8fHwxNzIxNzM4NjM1fDA&ixlib=rb-4.0.3&q=80&w=2000)](https://www.techloy.com/byjus-is-facing-its-biggest-crisis-ever-as-it-averts-a-potential-shutdown-2/)