Edtech Startup Vedantu Gets INR 8 Cr Debt, To Raise Another $30 Mn Led By Tiger Global

Edtech Startup Vedantu Gets INR 8 Cr Debt, To Raise Another $30 Mn Led By Tiger Global

SUMMARY

Vedantu has raised INR 9.42 Cr in debt plus preference funding from Trifecta recently

Tiger Global with WestBridge Capital may invest in a fresh funding round

Vedantu increased its revenues 4.3x in FY18

Bengaluru-based online tutoring startup Vedantu has raised INR 9.42 Cr in debt plus preference funding from Trifecta Capital.

According to the Ministry of Corporate Affairs filings accessed by Inc42, the company has raised debt of INR 8 Cr in April with nearly INR 1.4 Cr in series B funding in May and July. The investment comes at a time when reports are rife that Vedantu is looking to close $30 Mn in a funding round led by Tiger Global Management, with participation from WestBridge Capital.

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