Edtech startup Vedantu to raise $100 million, double valuation to $600 million in just 3 months

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Vedantu is a free Indian Interactive Online tutoring platform where teachers provide school tuitions to students over the internet, using a real-time virtual learning environment named WAVE (Whiteboard Audio Video Environment) a technology built in-house. It is said to operate on a marketplace model for teachers, where students can browse, discover, and choose to learn from an online tutor of their choice.

Vedantu ’s Founders
Vedantu’s Founders 

Incorporated in 2011, Bangalore-based Vedantu Innovations Pvt. Ltd. is an online tutoring platform launched in October 2014 for the public. The company’s name Vedantu is said to be derived from Sanskrit words Veda-knowledge and Tantu-network. The organization is run by four friends from the Indian Institutes of Technology (IITs) – Vamsi Krishna (Co-Founder, CEO), Pulkit Jain (Co-Founder, Head Product), Saurabh Saxena (Co-Founder, Head Academics) and Anand Prakash (Co-Founder). Vedantu is their second venture after Lakshya, a test preparation coaching company. Lakshya was acquired by a public listed company, MT Educare in the year 2012.

In September 2017, it was announced that Vedantu was to host the second edition of the International Student League (ISL) in November 2017.

It primarily provides services to students of grade 4th to 12th for the Indian Certificate of Secondary Education (ICSE) & Central Board of Secondary Education. Currently, the company’s primary business is live online tutoring in STEM, Hindi, English, Sanskrit, German, French, Environmental Science, and Social Science. It also claims to provide test preparation courses for the Indian Institute of Technology Joint Entrance Examination (JEE) Foundation, National Talent Search Examination (NTSE), and Problem Solving Assessment (PSA).

The firm has raised its first round of funding after six months of the current operational format. It has raised $5 million from Accel Partners and Tiger Global Management in its Series A funding.

Vedantu plans to utilize the funding in developing technology solutions for tablets and mobile with scalability which can run hundreds of live learning sessions concurrently.

Vedantu has raised $11 million in a Series B funding round led by Silicon Valley impact investment firm Omidyar Network and also contributed by its existing investor Accel Partners. 

On August 29, 2019, Vedantu announced that it has raised $42 million in a Series C financing round for expansion in India.

In July 2020, Vedantu raised $100 million in funding led by US-based Coatue. With the latest funding, Vedantu’s total fund tally stands at over $200 million.


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