On August 29, 2019, Vedantu announced that it has raised $42 million in a Series C financing round for expansion in India. Bengaluru-based online tutoring startup Vedantu has raised INR 96 Cr ($12.5 Mn) in an extended Series C funding round led by global investment firm Legend Capital. Vedantu has raised about $200 million to date. 16 July 2020 Last Updated at 6:37 pm | Source: PTI ; Vedantu raises USD 100 mn in funding, led by US-based Coatue. Vedantu's latest funding round in July 2020 was reported to be $100 m. In total, Vedantu has raised $203.2 m. Vedantu's latest valuation is reported to be $275 m. While Byju’s was valued at about $8.2 billion in the last round, Unacademy was valued at $510 million in February 2020. [YS Exclusive] Edtech startup Vedantu's Vamsi Krishna on pursuing impact at scale in the Indian education space, Search for what you want, categories, tags, keywords, authors, events, anything under YourStory, With Rs 14 lakh business per day, this astrology startup is making profits in the time of coronavirus, Looking to earn that extra income through stock markets in 2021? About a million students look to pursue undergraduate courses each year, for instance. Vedantu was founded by Vamsi Krishna, Anand Prakash, and Pulkit Jain in 2014, to provide students with opportunities to learn the way they desire, by providing personalised teaching. Rahul Kishore, MD of Coatue, will join Vedantu’s board, the company said in a statement. The new funds valued Vedantu at $600 million, up from $275 million in February this year when the startup closed its extended Series C round. 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Vedantu funding New Delhi, 17th July 2020: Online live tutoring platform Vedantu raises $100 million (about ₹752 crores) in funding, led by US-based investment firm Coatue. Started in 2011, Vedantu now has gained much popularity among students, and have mentored over 40,000 students from all over the country. The fundraise by Vedantu comes as investors rush to secure deals with edtech startups in India and major giants look for merger and acquisition opportunities with younger firms. It provides a software platform connects tutors and student which provides real-time one to one teaching to students online. New Delhi, Jul 16 (PTI) Online live tutoring company Vedantu … Accel and Tiger Global are among the earliest investors in Vedantu. To ensure that students are paying attention and identify their weaknesses, Vedantu says it has built a patented system called WAVE that evaluates about 70 parameters, including whether the student is looking at the screen. Bengaluru-based online edtech startup Vedantu has raised $6.8 million in a fresh round of funding from South Korea-based KB Global Platform Firm, on April 20. Additionally, the company has also raised an undisclosed amount of funding in a bridge round that was led by Alibaba alongside its other existing investors. Some of these sessions are free for students, but a selection of it requires a subscription, said Krishna. 23 Apr 2020. In Aug 2019, It achieved $42 million in Series C from investors Westbridge Capital, Accel, Tal Education, and Omidyar Network. “Online learning adoption in India is at an all-time high setting a new benchmark for the rest of the world. Vamsi, CEO and Co-Founder of Vedantu, had said in a statement: Vedantu will cater to students of classes I to XII, covering subjects including Math, Science, Social Studies, Physics, and Chemistry. Earlier this month, Vedantu had raised $12.56 million from Legend Capital. Running a tech platform has also enabled Vedantu to offer its subscription service at a more affordable price than a typical offline coaching equivalent that can cost users anything between a few hundred dollars to a few thousand. We have top Teachers from IIT`s and tier-1 colleges and provide teaching for CBSE & ICSE, Maths & Science and competitive exams like JEE Mains, JEE Advanced, IIT Foundation, Olympiads, NTSE, PSA In Aug 2019, it achieved $1.3 million from investor Trifecta Capital. Investors are becoming more bullish on online education platforms in India as startups demonstrate growth at the height of a global pandemic that has severely impacted other industries. In recent months, the startup has also introduced coding courses for students.
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