Slow news day round 2 check. With India on a higher-alert for COVID-19, it seems like there hasn’t been too much recent activity in the startup world. But found an interesting story regarding BYJUs and my thoughts around sports-betting in India regarding the current climate of things.
BYJUs, India’s most popular edtech platform, announced that for the next month students can access math & english (K-3rd std), and math & science (6-12 std) classes for free [no clue about 4th & 5th std).
This comes as a result of many schools shutting down across the country, while the 10th & 12th central board exams & the various entrance exams are still scheduled to happen.
Honestly I can’t even imagine how much stress these are probably currently under. Their schools are shutting down, their coaching classes might be as well, people around them are quarantining and working from home, but they still have to prepare for their exams.
But props to BYJUs for at least helping these students in whatever capacity. I have personally always believed that in-person education > online education but when the former is not a possibility, the latter is the only substitute.
I wouldn’t put it past the government to delay these exams in the current context of things, but the students who are gearing up for it thankfully have some place to go to clear out doubts, ask questions & brush up on concepts.
PS: Fun story, I have personally had to deal with a similar situation my senior year (12th std) in school. Due to diplomatic tensions b/w the US & Indian governments, half of my school teachers had to depart for the US (since their visas weren’t being renewed) and we had to take some classes on Google Hangouts. It wasn’t the best situation, but we managed.
FanFight, the online fantasy + “paid online game of skill” platform, is on their way to making ₹50C of revenue in the current year.
While the platform began with Fantasy cricket, they also now have Fantasy Soccer & Fantasy Kabaddi on their platforms.
The platform also claims to have “the shortest lag between the live game and updates on a player’s potential wins.” which I don’t really buy for cricket & football because I assume each platform is using the same APIs to get updated game information. I’m not really sure how they’re getting information about Kabaddi games because I don’t think there are APIs for those.
The last claim that I’m most suspicious about is the company being confident in being able to hit their revenue metrics.
With the current state of COVID-19, sporting events are either going streaming-only or being postponed indefinitely (Serie A). And if that happens to more football leagues in Europe (La Liga, Premier League, Ligue 1) and/or the Indian Premier League, their revenue numbers are going to be impacted severly.
Lastly if COVID-19 also triggers a global recession, people will start cutting down on discretionary spending early on and online paid fantasy sports might be one of the first things to go.