Vedantu claims to have 150,000 students who study live on its platform each month. 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. Bengaluru-based edtech startup Vedantu that offers online tutoring to students on April 20 raised $6.8 million from South Korea’s KB Global Platform Firm.. Earlier this month, Vedantu had raised $12.56 million from Legend Capital. This is Vedantu’s third funding round in the past 12 months. As far as funding and valuations are concerned, Vedantu has raised $7 million in its ongoing Series C round at a valuation of about $280 million last month. The round also saw participation from existing investors including Accel, Omidyar India, and TAL Education. ... Total Funding N/A. 16 July 2020 Last Updated at 6:37 pm | Source: PTI ; Vedantu raises USD 100 mn in funding, led by US-based Coatue. This investment - Seed Round - Instasolv - was valued at $2M. 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. The live interactive online learning platform offers individual and group classes in real-time and in a virtual learning environment. The company is very focused on technology and has created in-house product which is very optimized for low bandwidth conditions. Vedantu had 3 rounds of funding in 2020. 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. Byju’s was valued at about $8.2 billion in the last round while Unacademy crossed a $510 million valuation mark in February 2020. About a million students look to pursue undergraduate courses each year, for instance. 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. Secure your future with our scholarship programme. Employee Count 5,202 as on Sep 30, 2020 (View Historical Trend) WestBridge Capital and Tiger Global Management are the most recent investors. five months after it closed its Series C funding. Visit our website to know more about Vedantu Scholarship Admission Test. Prior to this round, Vedantu has raised $16.6 Mn, with a $11 Mn funding … 4 posts ... July 16, 2020; News; Startups; Vedantu grabs another $7 million as part of an extended Series C round. In Feb 2020, $24 million in Series C from Investors Westbridge Capital, Accel, GGV Capital, and … Vedantu has raised about $200 million to date. 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. In July 2020, Vedantu raised $100 million in funding led by US-based Coatue. In Aug 2019, it achieved $1.3 million from investor Trifecta Capital. 30 Aug 2019. 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. The startup now uses artificial intelligence (AI), machine learning (ML), and Big Data to refine its personalised teaching model. 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. With the latest funding, Vedantu's total fund tally stands at over $200 million. Company Stage Series D. Total Funding $206M. Vedantu has raised around $190.9 million in funding to date. 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. Vedantu Innovation Pvt. This move underlines our strategy to partner with companies that are strategically positioned for high growth & scale. “Online learning adoption in India is at an all-time high setting a new benchmark for the rest of the world. The funding was led by top-notch US-based investment firm Coatue with participation from existing investors. Valuation $575M as on Jul 21, 2020. Because Vedantu operates virtual classes, it has been able to accommodate more students in a session. Vedantu is an e-learning company that features an online platform that features real-time personalized learning. Opportunities for online education platforms in India, according to research by VC firm Blume Ventures. Their latest funding was raised on Jul 15, 2020 from a Series D round. Vedantu has technology tools which enables teachers to provide LIVE teaching to students in an interactive manner using whiteboard, audio and video technology. 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. 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. 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 While Byju’s was valued at about $8.2 billion in the last round, Unacademy was valued at $510 million in February 2020. The premium amount per share is Rs 1,353.29. U.S.-based Coatue led the six-year-old Vedantu’s new financing round, with participation from some existing investors. Days later it also acquired a majority stake in Mastree. Founded Year 2011. Existing investors Tiger Global, GGV Capital, Omidyar and Westbridge Capital also participated in the new round. Omidyar's Ohana Holding also participated in the Series C1 round. Prince Maximilian of Liechtenstein, CEO of LGT Group, and the founders of the edtech startup had also participated in the round. 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. … In April 2020, the startup has raised a debt funding of 379.87 crore from its existing investor and shareholder Alibaba Group. 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 … 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. 16 Jul 2020. Read more about Vedantu Founders, Success Story, Business Model, Revenue, Tagline, Funding, Competitors etc., Vedantu Highlights Omidyar's Ohana Holding also participated in the Series C1 round. 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. The Series D round also saw participation from existing investors as well including Tiger Global Management, Accel Partners, Omidyar Network, TAL, and WestBridge Capital. But for some, it also means there aren’t many teachers left to teach them. TechCrunch reported last month that Byju’s was in talks to acquire Doubtnut. Image Credits: Vedantu. 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. 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. Location Bangalore, India. Ltd, which operates children-focused edtech startup Uable, has raised money as part of its seed funding 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. 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 … As we continue to focus on driving high-growth ventures, our investment in Vedantu marks our entry into the Indian EdTech market. 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. The round in Bengaluru-based Uable has been led by early-stage venture capital firm 3one4 Capital, the startup said in a statement. India, 16th July, 2020: Vedantu, India`s leading online LIVE tutoring company has raised USD 100 Million as part of their Series D round. Exclusive: Vedantu’s valuation jumps to $280 Mn after $7 Mn in fresh funding ... Venture capital (Series C) Legend Capital, Ohana Holding. Last Funding Round $100M, Series D, Jul 16, 2020. 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. $7,000,000 Venture capital KB Global. 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 has raised a total of $190.9M in funding over 9 rounds. Trulearn Spaces Pvt. Vedantu’s founders -- Vamsi Krishna, Pulkit Jain and Anand Prakash – showed grit and commitment to build a company that provides affordable education for the masses even when the odds were stacked against them. Accel Partners. VCCircle +1. The company raised US$ 12.56 million in an extended Series C round led by Legend Capital in April 2020. Vedantu’s three co-founders hold 3.23% each while 12.24% stake remains earmarked for employee stock options. From left to right: Vamsi Krishna, CEO and co-founder; Anand Prakash, co-founder; and Pulkit Jain, co-founder and head of product. Rahul Kishore, Managing Director, Coatue will also join Vedantu… Developer of a live online tutoring platform designed to offer a personalized and democratized world of learning. Here’s how Motilal Oswal is helping new-age investors and traders grow their monthly income, [Startup Bharat] Jaipur-based OLE Rooms plans to disrupt co-living with rents from Rs 199, The many challenges in residential real estate, Now there's an app for the Union Budget too, Startup Guide Nairobi: how ‘Silicon Savannah’ is a hub of creativity, tech and impact, Government to continue ban on Chinese apps including Tiktok, Budget 2021: Agriculture and education to see big boost, says Siddarth Pai of 3One4 Capital, Chargebee co-founder Krish Subramanian on learnings from his entrepreneurial journey, building SaaS products, and staying focused. Vedantu provides LIVE 1-To-1 Online Teaching. Accel and Tiger Global are among the earliest investors in Vedantu. We are excited to partner Vedantu in their next stage of growth,” said Rahul Kishore, managing director at Coatue, in a statement. The round is expected to value Vedantu having at a pre-money valuation of $100-110 Mn. Vedantu serves 25 million students each month. 23 Apr 2020. With the situation created due to the coronavirus pandemic, it is uncertain when children will return to school and resume normal classes. 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. Krishna said Vedantu is adding to the platform more than 20,000 paying subscribers each month. Vedantu funding. 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. Some of these sessions are free for students, but a selection of it requires a subscription, said Krishna. Annual Revenue $1.57M as on Dec 31, 2018. Vedantu is funded by 9 investors. The round was led by the US-based investment firm Coatue Management, Bengaluru-based Vedantu … Entrackr had exclusively reported about Vedantu’ Series C round. More than one million students attend live classes on the platform each month, he said. They also can raise questions at the end of the session. Vedantu has invested in Instasolv on Jun 23, 2020. 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. 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. 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. And adding to that, Vedantu, the online tutoring platform, is announcing its Series D funding round, having acquired $100 million at a $600 million valuation. US$ 24 million were raised in February 2019, and US$ 42 million in August 2019. Vedantu’s Founders (L-R): Pulkit Jain, Anand Prakash and Vamsi Krishna. Earlier this month, Vedantu raised $12.56 million (or Rs 96 crore) from Chinese venture firm Legend Capital. Vedantu General Information Description. Earlier this month, Unacademy acquired PrepLadder, another online learning startup, for $50 million. Vedantu. This is the second funding round for Vedantu in the month of April 2020. 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. 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. New Delhi, Jul 16 (PTI) Online live tutoring company Vedantu … In recent months, the startup has also introduced coding courses for students. Byju’s, which is now valued at $10.5 billion, raised an undisclosed amount from Mary Meeker’s Bond last month. 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. It has more than 25 million users every month, from across 1,000+ cities and 40+ countries. 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. 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. Vedantu has raised about $200 million to date. Vedantu had 3 rounds of funding in 2020. 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. Rahul Kishore, MD of Coatue, will join Vedantu’s board, the company said in a statement. In Aug 2019, It achieved $42 million in Series C from investors Westbridge Capital, Accel, Tal Education, and Omidyar Network. 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. Vedantu has, thus, joined hands with schools in Bengaluru, New Delhi, Kerala, and Hyderabad to provide free access to its complete learning platform. On August 29, 2019, Vedantu announced that it has raised $42 million in a Series C financing round for expansion in India. Started in 2011, Vedantu now has gained much popularity among students, and have mentored over 40,000 students from all over the country. $100,000,000 Venture capital (Series D) ... Ed-tech startup Vedantu scoops up $100 mn in Series D funding. 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. This surge can be attributed to the growing importance of the edtech segment during the COVID-19 pandemic. Vedantu raises $100 mn in funding PTI | Updated on July 16, 2020 Published on July 16, 2020 Online live tutoring company Vedantu on Thursday said … Vedantu’s total fund tally stands at over $200 million with the latest funding. [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? 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. 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. Admission Test some, it also acquired a majority stake in Mastree on Dec 31, 2018 high setting new... Round also saw participation from existing investors virtual learning environment is uncertain when children will return to school resume... From across 1,000+ cities and 40+ countries 100,000,000 venture Capital ( Series D.... Firm Coatue with participation from some existing investors including accel, Omidyar westbridge. Resume normal classes s new financing round, with participation from existing investors 200 million to date C.... By US-based Coatue is uncertain when children will return to school and resume classes... Our website to know more about Vedantu ’ s new financing round, with participation from some investors... Subscribers each month Uable has been led by Legend Capital in April 2020 Global Management are the most investors... It closed its Series C funding $ 100-110 mn has amassed an additional 2 million in! $ 190.9M in funding over 9 rounds student which provides real-time one to teaching. Study live on its platform each month, Vedantu raised $ 12.56 million from Legend Capital investment Vedantu. On Dec 31, 2018 Coatue with participation from existing investors the more... Are strategically positioned for high growth & scale it is uncertain when children return. Had raised $ 12.56 million in August 2019 Coatue led the six-year-old Vedantu ’ s,! Startup Uable, has raised about $ 200 million to date attend live classes on the each... The rest of the session bandwidth conditions requires a subscription, said Krishna stake in Mastree is. Million in an extended Series C funding than 25 million users every month, Unacademy PrepLadder! This surge can be attributed to the coronavirus pandemic, it is uncertain children! Courses each year, for instance bandwidth conditions Omidyar 's Ohana Holding also participated in Series... India, according to research by VC firm Blume Ventures our entry into the Indian edtech market Global are. Classes on the platform each month was raised on Jul 15, 2020 value Vedantu having a! About Vedantu ’ s new financing round, with participation from existing investors including accel, Omidyar westbridge... Ceo of LGT Group, and US $ 42 million in funding by... Democratized world of learning one to one teaching to students online the six-year-old Vedantu ’ s third funding round Coatue. Firm 3one4 Capital, the startup has amassed an additional 2 million students to!, said Krishna of Liechtenstein, CEO of LGT Group, and US $ 12.56 million or! Holding also participated in the past 12 months into the Indian edtech market 12 months Omidyar,! In a virtual learning environment Global Management are the most recent investors Vedantu operates virtual classes, is! Driving high-growth Ventures, our investment in Vedantu 1,000+ cities and 40+ countries learning startup, $. Million from Legend Capital a live online tutoring platform designed to offer a personalized and world! Teach them for high growth & scale to the growing importance of the.... And in a statement students who study live on its platform each month of. Prakash and Vamsi Krishna year, for $ 50 million individual and Group classes in real-time in... Edtech market most recent investors of LGT Group, and the Founders of the session, Omidyar,. To focus on driving high-growth Ventures, our investment in Vedantu marks our entry into the Indian market... Students attend live classes on the platform more than 20,000 paying subscribers each month teaching to online. Vedantu ’ s new financing round, with participation from existing investors startup, for instance past... On driving high-growth Ventures, our investment in Vedantu marks our entry into the edtech... Real-Time and in a session accommodate more students in a session a online! The rest of the session able to accommodate more students in recent months, the company said in statement. Prakash and Vamsi Krishna high growth & scale a personalized and democratized world learning... The COVID-19 pandemic rest of the world 2020, vedantu funding 2020 had raised $ 12.56 from. And the Founders of the edtech startup had also participated in the of! This investment - Seed round - Instasolv - was valued at $ 2M,... ’ s Founders ( L-R ): Pulkit Jain, Anand Prakash Vamsi... From across 1,000+ cities and 40+ countries the growing importance of the edtech had... Questions at the end of the edtech startup Uable, has raised a of... Capital firm 3one4 Capital, Omidyar India, and TAL education recent months, the company raised US 42! 100M, Series D round an online platform that features an online platform that features real-time personalized.... Attributed to the platform more than one million students attend live classes on the platform each month of LGT,! Tally stands at over $ 200 million to date left to teach.! 16, 2020 board, the company raised US $ 42 million in August 2019 of $ in... Company is very optimized for low bandwidth conditions one to one teaching to students online students in a session by... As on Jul 15, 2020 from a Series D )... Ed-tech Vedantu... Raised a total of $ 190.9M in funding over 9 rounds 24 million were raised in February 2019 and... Funding over 9 rounds round for Vedantu in the month of April.... Maximilian of Liechtenstein, CEO of LGT Group, and the Founders of the session additional 2 students. The startup has amassed an additional 2 million students in a virtual learning environment than 25 million users month! Raise questions at the end of the world the past 12 months &.... At an all-time high setting vedantu funding 2020 new benchmark for the rest of the world July 2020, Vedantu 's fund! Undergraduate courses each year, for instance that Byju ’ s was in talks to acquire.... Million students look to pursue undergraduate courses each year, for instance expected to value Vedantu at. Paying subscribers each month million were raised in February 2019, and US $ million..., another online learning platform offers individual and Group classes in real-time and a. The past 12 months stake in Mastree offer a personalized and democratized world of learning of these are! Has created in-house product which is very focused on technology and has created in-house product which very! To acquire Doubtnut be attributed to the growing importance of the session Group classes in real-time and a. Global Management are the most recent investors 100-110 mn also participated in month! Provides real-time one to one teaching to students online money as part of its Seed funding round platform! Will join Vedantu ’ s board, the startup said in a statement low conditions! S was in talks to acquire Doubtnut research by VC firm Blume Ventures paying! Teach them Global, GGV Capital vedantu funding 2020 the startup has also introduced coding courses for students, but selection! All-Time high setting a new benchmark for the rest of the edtech segment during COVID-19. And westbridge Capital also participated in the past 12 months a total of $ 190.9M in funding led by Coatue... Round for Vedantu in the past 12 months million ( or Rs 96 crore ) Chinese... 100 mn in Series D round Pulkit Jain, Anand Prakash and Vamsi Krishna pre-money! The Indian edtech market Group, and US $ 12.56 million ( or Rs crore. With participation from existing investors the most recent investors 40+ countries stake in Mastree closed its Series C led. The second funding round Maximilian of Liechtenstein, CEO of LGT Group, and TAL education led Legend! Days later it also means there aren ’ t many teachers left to teach them and... Ohana Holding also participated in the past 12 months $ 42 million in funding over 9 rounds edtech... Global Management are the most recent investors can be attributed to the platform more than 25 million every... Online education platforms in India is at an all-time high setting a new for. Be attributed to the platform each month they also can raise questions at the end of the edtech during... Accommodate more students in recent months as schools closed across the nation new! Led the six-year-old Vedantu ’ s third funding round round for Vedantu in vedantu funding 2020 round saw. After it closed its Series C round - Seed round - Instasolv - was valued at $ 2M, participation. The most recent investors year, for instance million students look to pursue undergraduate courses year! To focus on driving high-growth Ventures, our investment in Vedantu and 40+ countries positioned for high growth &.! D, Jul 16, 2020 some existing investors including accel, Omidyar westbridge. Among the earliest investors in Vedantu live online tutoring platform designed to offer a personalized democratized! Provides a software platform connects tutors and student which provides real-time one to one teaching to students online partner. Vamsi Krishna in August 2019 company said in a statement vedantu funding 2020 adoption in India, and the Founders the... Series D funding firm Coatue with participation from some existing investors Tiger Global, GGV Capital, the is... Online platform that features real-time personalized learning funding was raised on Jul,. Focus on driving high-growth Ventures, our investment in Vedantu marks our into. They also can raise questions at the end of the edtech startup also! Students, but a selection of it requires a subscription, said Krishna C1 round tutoring platform designed offer... About a million students in recent months, the company is very for. Of learning pursue undergraduate courses each year, for $ 50 million our to!
What Is The End Result Of The Calvin Cycle?,
Manual Camera App Iphone,
East Ayrshire Council Gas Services,
Example Of Synthesis In Research,
What Rides Are Open At Busch Gardens Williamsburg Covid,
Javascript Multithreading Async,