Summary:
- Stoa offers an MBA program
- Who funded the stoa in initial phase
- What caused stoa to shut down
Stoa offers an MBA program
Stoa, a school that offered an MBA boot camp program, has shut down its services after operating for more than four years.
Launched in October 2020, Stoa offered a six-month, part-time MBA program focused on the startup ecosystem. Unlike traditional MBA degrees with high costs, Stoa charged approximately Rs 2.5 lakh. Its curriculum revolved around strategy and models, general management, branding, economics, and analytical thinking.
A company executive mentioned that Stoa had “hit the pause button” on its operations and was re-evaluating its future course of action. However, the firm has now made the final decision to discontinue operations without providing any solid reason to the public.
Who funded the Stoa in initial phase
Stoa raised seed funding from prominent investors such as Nithin Kamath, Kunal Shah, Gagan Biyani, and AngelList in November 2021. When the pandemic struck, Stoa aimed to capitalise on the online education boom and strove to be the best in what they offered. Despite securing funding from well-known names, four years of training and effort have now come to an end.
What caused Stoa to shut down
The company has not disclosed any data related to its MBA program students, enrollment receipts, or any statements that would shed light on the reasons behind its closure. This lack of transparency leaves questions about the “inner game” they were playing.
In India, the culture of education has become a business. In nearly every city, there seems to be a system linked to education that is more focused on making money than providing genuinely useful education.
Hopefully, one day, things will change, and students will receive the value they deserve for what they pay.
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