{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Daybreak","title":"India's elite schools are getting pickleball courts. Their teachers are getting pay cuts","html":"","width":"100%","height":180,"duration":1835,"description":"Private equity has been buying up some of India's most prestigious schools. The pitch: better governance, professional management, and much-needed capital for a struggling sector.\nBut inside some of these acquisitions, something else is happening. Teacher training budgets are shrinking. Salaries are stagnating. And in at least one case, a school is paying 65% of its revenue in rent — to a landlord owned by the same firm that owns the school.\nSome investors have made it work. Others have changed something harder to measure.\n\nIn this episode, hosts Snigdha Sharma and Rachel Varghese speak to The Ken reporters Valli Vikram and Mutasim Khan about how private-equity firms squeeze money out of schools and what that does to them.\nRead the stories here:\nPrivate equity’s priority for Indian schools: pickleball courts over teacher training by Valli Vikram\nThe private-equity handbook for turning non-profit schools into cash cows by Mutasim Khan\nIf you have any thoughts on this episode write to us at podcasts@the-ken.com with Daybreak in the subject line. You can also leave us a comment on our website or the YouTube channel here.\nDisclosure: Reporter Valli Vikram comes from a family that previously owned a school acquired partially by International Schools Partnership (ISP)\n\nDaybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.","thumbnail_url":"https://img.transistorcdn.com/uPitovxKRYBGX6AWg9UrET6s3nAdkS-Ci9uZvsZj7vk/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS85ODhl/ZWM4NmEwZTcxZjZk/MDRlYjAzNTNkMjJi/ZGQ2YS5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}