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. Vedantu funding. As we continue to focus on driving high-growth ventures, our investment in Vedantu marks our entry into the Indian EdTech market. In Feb 2020, $24 million in Series C from Investors Westbridge Capital, Accel, GGV Capital, and … The company is very focused on technology and has created in-house product which is very optimized for low bandwidth conditions. Byju’s was valued at about $8.2 billion in the last round while Unacademy crossed a $510 million valuation mark in February 2020. In April 2020, the startup has raised a debt funding of 379.87 crore from its existing investor and shareholder Alibaba Group. Accel and Tiger Global are among the earliest investors in Vedantu. 30 Aug 2019. five months after it closed its Series C funding. A paid session may have as many as 600 students, while the free lessons could have 2,000, said Krishna, who is a teacher himself. Annual Revenue $1.57M as on Dec 31, 2018. This surge can be attributed to the growing importance of the edtech segment during the COVID-19 pandemic. 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. Vedantu General Information Description. Omidyar's Ohana Holding also participated in the Series C1 round. Vedantu serves 25 million students each month. Accel Partners. With the situation created due to the coronavirus pandemic, it is uncertain when children will return to school and resume normal classes. With the latest funding, Vedantu's total fund tally stands at over $200 million. In Aug 2019, It achieved $42 million in Series C from investors Westbridge Capital, Accel, Tal Education, and Omidyar Network. … This is the second funding round for Vedantu in the month of April 2020. Prince Maximilian of Liechtenstein, CEO of LGT Group, and the founders of the edtech startup had also participated in the round. Days later it also acquired a majority stake in Mastree. [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? U.S.-based Coatue led the six-year-old Vedantu’s new financing round, with participation from some existing investors. Venture capital (Series D) - 2020 Coatue Management GGV Capital Omidyar Network +3 $7,000,000 Venture capital - 2020 ... WestBridge lead $42 mn funding round in ed-tech starup Vedantu Tiger Global. Byju’s, which is now valued at $10.5 billion, raised an undisclosed amount from Mary Meeker’s Bond last month. Vedantu, one of the leading edtech startups in the country has raised $100 million as part of its series D round valuing the company at $600 million. On August 29, 2019, Vedantu announced that it has raised $42 million in a Series C financing round for expansion in India. Vedantu Overview. 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. Opportunities for online education platforms in India, according to research by VC firm Blume Ventures. Vedantu provides LIVE 1-To-1 Online Teaching. More than one million students attend live classes on the platform each month, he said. Bangalore-based startup Vedantu said on Thursday it has raised $100 million in its Series D financing round, just five months after it closed its Series C funding. Earlier this month, Vedantu had raised $12.56 million from Legend Capital. Their latest funding was raised on Jul 15, 2020 from a Series D round. The startup has amassed an additional 2 million students in recent months as schools closed across the nation after New Delhi enforced a lockdown. About a million students look to pursue undergraduate courses each year, for instance. Vedantu has raised about $200 million to date. 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. But for some, it also means there aren’t many teachers left to teach them. Omidyar's Ohana Holding also participated in the Series C1 round. In July 2020, Vedantu raised $100 million in funding led by US-based Coatue. Read more about Vedantu Founders, Success Story, Business Model, Revenue, Tagline, Funding, Competitors etc., Vedantu Highlights According to the filings with the Registrar of Companies, as accessed by YourStory, Vedantu has alloted 3,82,235 Series C2 CCPS to KB Global. In recent months, the startup has also introduced coding courses for students. It has more than 25 million users every month, from across 1,000+ cities and 40+ countries. Earlier this month, Unacademy acquired PrepLadder, another online learning startup, for $50 million. 16 Jul 2020. Vedantu has raised around $190.9 million in funding to date. Company Stage Series D. Total Funding $206M. The round also saw participation from existing investors including Accel, Omidyar India, and TAL Education. 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 Founders (L-R): Pulkit Jain, Anand Prakash and Vamsi Krishna. From left to right: Vamsi Krishna, CEO and co-founder; Anand Prakash, co-founder; and Pulkit Jain, co-founder and head of product. Exclusive: Vedantu’s valuation jumps to $280 Mn after $7 Mn in fresh funding ... Venture capital (Series C) Legend Capital, Ohana Holding. Vedantu is funded by 9 investors. Register FREE for Vedantu VSAT (Scholarship Admission Test) and get upto 100% scholarship on our courses for JEE, NEET, CBSE & ICSE for Class 6 to 11. 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. The fresh capital Vedantu has raised, he said, will be deployed to expand to new categories and reach more students, especially in smaller towns and cities of India. 4 posts ... July 16, 2020; News; Startups; Vedantu grabs another $7 million as part of an extended Series C round. Students who have enrolled for the interactive sessions are required to answer questions every few minutes by tapping on their smartphone screen or on the desktop. 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. Unanimously recognizing the achievement, the ET Startup Awards jury chose them as winners in the Comeback Kid category in a tightly contested category with mobile gaming … 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. New Delhi, Jul 16 (PTI) Online live tutoring company Vedantu … The Series D round also saw participation from existing investors as well including Tiger Global Management, Accel Partners, Omidyar Network, TAL, and WestBridge Capital. Founded Year 2011. Vedantu has invested in Instasolv on Jun 23, 2020. Because Vedantu operates virtual classes, it has been able to accommodate more students in a session. We are excited to partner Vedantu in their next stage of growth,” said Rahul Kishore, managing director at Coatue, in a statement. Vedantu’s founders -- Vamsi Krishna, Pulkit Jain and Anand Prakash – showed grit and commitment to build a company that provides affordable education for the masses even when the odds were stacked against them. The round was led by the US-based investment firm Coatue Management, Bengaluru-based Vedantu … They also can raise questions at the end of the session. Location Bangalore, India. ... Total Funding N/A. Rahul Kishore, MD of Coatue, will join Vedantu’s board, the company said in a statement. Ltd, which operates children-focused edtech startup Uable, has raised money as part of its seed funding round. 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But the quality of education and its affordability are two major challenges that millions of students, especially those living in smaller cities and towns, have to confront. “Online learning adoption in India is at an all-time high setting a new benchmark for the rest of the world. Vedantu offers live and interactive courses for students in grades six though 12 — and in recent months it has expanded its catalog to serve students from grade one to five as well, said Vamsi Krishna, co-founder and CEO of the startup, in an interview with TechCrunch. Employee Count 5,202 as on Sep 30, 2020 (View Historical Trend) 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. 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. Vedantu, which last month invested $2 million in InstaSolv, a startup that operates an app to help students clear their doubts, is open to investing in more startups as well, said Krishna. The company raised US$ 12.56 million in an extended Series C round led by Legend Capital in April 2020. In Aug 2019, it achieved $1.3 million from investor Trifecta Capital. Unacademy, which raised $110 million from General Atlantic, Sequoia Capital India and Facebook early this year, is in talks with investors to finance its new round. The news comes after Vedantu announced on April 30, 2019, that it had raised $42 million in a funding round led by Tiger Global and WestBridge Capital. The round is expected to value Vedantu having at a pre-money valuation of $100-110 Mn. Developer of a live online tutoring platform designed to offer a personalized and democratized world of learning. VCCircle +1. Image Credits: Vedantu. Vedantu has, thus, joined hands with schools in Bengaluru, New Delhi, Kerala, and Hyderabad to provide free access to its complete learning platform. Vedantu has raised a total of $190.9M in funding over 9 rounds. ... Vedantu. Earlier this month, Vedantu raised $12.56 million (or Rs 96 crore) from Chinese venture firm Legend Capital. Valuation $575M as on Jul 21, 2020. This investment - Seed Round - Instasolv - was valued at $2M. Entrackr had exclusively reported about Vedantu’ Series C round. And adding to that, Vedantu, the online tutoring platform, is announcing its Series D funding round, having acquired $100 million at a $600 million valuation. Rahul Kishore, Managing Director, Coatue will also join Vedantu… This is Vedantu’s third funding round in the past 12 months. 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. Vedantu, a Bangalore-based startup that operates an online tutoring service, today announced it has raised $42 million as it races to expand its reach in … 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 $600 m. An offline coaching centre can have as many as 100 students sitting in the room, with most not getting a chance to engage with the teacher. 23 Apr 2020. The startup now uses artificial intelligence (AI), machine learning (ML), and Big Data to refine its personalised teaching model. Vedantu claims to have 150,000 students who study live on its platform each month. Vedantu Innovation Pvt. Secure your future with our scholarship programme. 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. $100,000,000 Venture capital (Series D) ... Ed-tech startup Vedantu scoops up $100 mn in Series D funding. Some of these sessions are free for students, but a selection of it requires a subscription, said Krishna. This move underlines our strategy to partner with companies that are strategically positioned for high growth & scale. Vedantu has technology tools which enables teachers to provide LIVE teaching to students in an interactive manner using whiteboard, audio and video technology. We, at Vedantu, are announcing Vedantu Master Scholarship Test 2020 for admission to Online Classes for Std 6 to 10 (CBSE and ICSE) and JEE and NEET exam preparation. More than 90% of its students engage with the session, said Krishna, who added that the startup was working on a new iteration of WAVE. While Byju’s was valued at about $8.2 billion in the last round, Unacademy was valued at $510 million in February 2020. Existing investors Tiger Global, GGV Capital, Omidyar and Westbridge Capital also participated in the new round. 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. 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. Vedantu is an e-learning company that features an online platform that features real-time personalized learning. TechCrunch reported last month that Byju’s was in talks to acquire Doubtnut. Vedantu’s three co-founders hold 3.23% each while 12.24% stake remains earmarked for employee stock options. The round in Bengaluru-based Uable has been led by early-stage venture capital firm 3one4 Capital, the startup said in a statement. Vedantu. Vedantu had 3 rounds of funding in 2020. $7,000,000 Venture capital KB Global. Investors are becoming more bullish on online education platforms in India as startups demonstrate growth at the height of a global pandemic that has severely impacted other industries. The funding was led by top-notch US-based investment firm Coatue with participation from existing investors. India has the largest school-age population in the world and households in the nation are willing to invest in their children’s education to advance their lives. US$ 24 million were raised in February 2019, and US$ 42 million in August 2019. 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 Vedantu has raised about $200 million to date. Ltd, which operates a live tutoring-focussed education-technology platform, has raised $100 million (Rs 752 crore at current exchange rates) in a Series D funding round. Krishna said Vedantu is adding to the platform more than 20,000 paying subscribers each month. Last Funding Round $100M, Series D, Jul 16, 2020. Visit our website to know more about Vedantu Scholarship Admission Test. India, 16th July, 2020: Vedantu, India`s leading online LIVE tutoring company has raised USD 100 Million as part of their Series D round. Prior to this round, Vedantu has raised $16.6 Mn, with a $11 Mn funding … Until early 2014, he also ran Lakshya Institute, which helped students prepare for undergraduate-level courses, before selling a majority stake to Mumbai-based K-12 tutoring and test preparation firm MT Educare. Trulearn Spaces Pvt. The live interactive online learning platform offers individual and group classes in real-time and in a virtual learning environment. 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