Frontrow, a Bengaluru-based learning platform featuring celebrities and public figures, has reportedly shut down its operations and is now looking for IP acquisition and return the unused funds to its investors.
The development comes months after several media reports highlighted the layoffs practised by FrontRow as it was struggling to find the product market fit even after a decent amount of funding. According to an Entrackr report, the company was engaging with prominent players for potential acquisition.
In September 2021, FrontRow raised $14 million in a Series A round from multiple investors, including Eight Roads Ventures, GSV, Lightspeed, FBC Ventures, KA Enterprises, and other individual investors — Nitin Gupta, Kunal Shah, and Maninder Gulati, among others.
Confirming the development to the media, Co-founder Inshaan Preet Singh Said, “We are still exploring potential acquisitions of the IP/team etc., but also deciding whether it just makes more sense to return the capital and will decide that with the board in the next couple of months.”
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