igwennannaotu After three years in operation, Nigerian education technology startup Edukoya has ended operations, saying poor infrastructure and economic challenges made it impossible to scale. The startup which secured Africa’s largest pre-seed funding of $3.5 million in 2021, said it will return capital to investors rather than persist in what it described as an unsustainable market environment. In a statement on Wednesday obtained by PUNCH Online, the startup said despite its early success, it faced fundamental adoption challenges, including limited internet penetration, high device costs, and declining disposable incomes that undermined its target audience’s ability to pay for digital education services. Unveiled to revolutionise digital learning for K-12 (primary and secondary) students, Edukoya rapidly gained traction, onboarding over 80,000 students, facilitating millions of practice questions, and conducting thousands of live tutoring sessions.
