Edtech Startup Vedantu Bags $24 Mn From GGV Capital

Edtech Startup Vedantu Bags $24 Mn From GGV Capital


Previously, Vedantu had raised $42 Mn from Tiger Global, others

The company claims to have learners in 1000 cities in 40 countries

Vedantu wants to expand into tutoring for kindergarten to fifth-grade students

Bengaluru-based online tutoring startup Vedantu has raised $24 Mn in a Series C funding round led by global investment firm GGV Capital. The edtech startup’s existing investors also participated in the round. 

Vedantu plans to use this funding to invest in “brand leadership” and also expand into new categories such as tutoring for students studying in kindergarten to fifth grade. The company believes that it can influence the experiences of young learners from metros and small-town India by bringing them fun and engaging courses.

 “As we continue to grow our student enrolments by 4.5x year on year, we are gearing to invest in the brand and entering very strongly in new categories of age group 4-10 years beyond current customer segments,” Vamsi Krishna, cofounder and CEO of Vedantu, said.

Back in August 2019, Vedantu raised $42 Mn in Series C round led by New York-based Tiger Global Management and WestBridge Capital. Its other investors include Accel, Omidyar India and TAL Education had also participated in the round, along with Prince Maximilian of Liechtenstein and Vedantu founders — Vamsi Krishna, Anand Prakash, and Pulkit Jain.

Vedantu also raised $1.3 Mn (INR 9.42 Cr) in Series C debt plus preference funding from Trifecta Capital in August last year. Prior to that, the edtech startup raised  $11 Mn in Series B funding round led by philanthropic investment firm Omidyar Network, with participation from existing investor Accel Partners. So far, the company has raised a total of $66 Mn across rounds.

Founded in 2014, Vedantu is an interactive online tutoring platform that enables teachers to provide tuitions to school students over the internet, using a real-time virtual learning environment named WAVE, which is a technology built in-house. As per the company, WAVE has come up with more than 70 parameters.

Krishna told Inc42 in an earlier interaction Vedantu ensures parents have a clear view of the progress of the learner through regular quizzes and tests, performance reports, and parent-teacher meetings every quarter. It also has a counsellor to guide students through challenges.

The company claims that it helps 25 Mn users monthly to access free content. Alongside that, Vedantu claims to have over 500 teachers, who provide LIVE classes to about 6 Mn learners per month in over 40 countries.

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

Unlock 60% OFF
Cancel Anytime
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Edtech Startup Vedantu Bags $24 Mn From GGV Capital-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Edtech Startup Vedantu Bags $24 Mn From GGV Capital-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Edtech Startup Vedantu Bags $24 Mn From GGV Capital-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Edtech Startup Vedantu Bags $24 Mn From GGV Capital-Inc42 Media
Edtech Startup Vedantu Bags $24 Mn From GGV Capital-Inc42 Media
You’re in Good company