Ed-tech startup Purple Squirrel shuts down
Matrix-backed Ed-tech platform Purple Squirrel has reportedly shut down its operations owing to dipping sales and increasing cash burn rate. Founded by Sahiba Dhandhania and Aditya Gandhi in September 2013 and incubated by IIT Bombay, the Mumbai-based startup has raised over ₹15 crore to date. Purple Squirrel facilitates industry visits, workshops and projects for students across all streams.