Days later it also acquired a majority stake in Mastree. Vedantu has invested in Instasolv on Jun 23, 2020. Vedantu Overview. In April 2020, the startup has raised a debt funding of 379.87 crore from its existing investor and shareholder Alibaba Group. Founded Year 2011. 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 raises $100 mn in funding PTI | Updated on July 16, 2020 Published on July 16, 2020 Online live tutoring company Vedantu on Thursday said … Vedantu had 3 rounds of funding in 2020. Opportunities for online education platforms in India, according to research by VC firm Blume Ventures. They also can raise questions at the end of the session. The premium amount per share is Rs 1,353.29. The company raised US$ 12.56 million in an extended Series C round led by Legend Capital in April 2020. Vedantu claims to have 150,000 students who study live on its platform each month. This is the second funding round for Vedantu in the month of April 2020. US$ 24 million were raised in February 2019, and US$ 42 million in August 2019. 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 … Valuation $575M as on Jul 21, 2020. 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. Vedantu has raised about $200 million to date. Secure your future with our scholarship programme. [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? 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. Prince Maximilian of Liechtenstein, CEO of LGT Group, and the founders of the edtech startup had also participated in the round. 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. It provides a software platform connects tutors and student which provides real-time one to one teaching to students online. 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. As we continue to focus on driving high-growth ventures, our investment in Vedantu marks our entry into the Indian EdTech market. Vedantu is funded by 9 investors. Vedantu’s total fund tally stands at over $200 million with the latest funding. Employee Count 5,202 as on Sep 30, 2020 (View Historical Trend) 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. Omidyar's Ohana Holding also participated in the Series C1 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. Byju’s, which is now valued at $10.5 billion, raised an undisclosed amount from Mary Meeker’s Bond last month. $100,000,000 Venture capital (Series D) ... Ed-tech startup Vedantu scoops up $100 mn in Series D funding. Vedantu had 3 rounds of funding in 2020. WestBridge Capital and Tiger Global Management are the most recent investors. 30 Aug 2019. Earlier this month, Unacademy acquired PrepLadder, another online learning startup, for $50 million. Vedantu has raised around $190.9 million in funding to date. 4 posts ... July 16, 2020; News; Startups; Vedantu grabs another $7 million as part of an extended Series C 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. This move underlines our strategy to partner with companies that are strategically positioned for high growth & scale. 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. Annual Revenue $1.57M as on Dec 31, 2018. In Aug 2019, it achieved $1.3 million from investor Trifecta Capital. New Delhi, Jul 16 (PTI) Online live tutoring company Vedantu … More than one million students attend live classes on the platform each month, he said. 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. The startup now uses artificial intelligence (AI), machine learning (ML), and Big Data to refine its personalised teaching model. Some of these sessions are free for students, but a selection of it requires a subscription, said Krishna. Vedantu has technology tools which enables teachers to provide LIVE teaching to students in an interactive manner using whiteboard, audio and video technology. 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. On August 29, 2019, Vedantu announced that it has raised $42 million in a Series C financing round for expansion in India. “Online learning adoption in India is at an all-time high setting a new benchmark for the rest of the world. Vedantu funding. 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. Accel Partners. In Feb 2020, $24 million in Series C from Investors Westbridge Capital, Accel, GGV Capital, and … 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 is an e-learning company that features an online platform that features real-time personalized learning. 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. 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. Vedantu has raised a total of $190.9M in funding over 9 rounds. The round also saw participation from existing investors including Accel, Omidyar India, and TAL Education. 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. Location Bangalore, India. $7,000,000 Venture capital KB Global. The live interactive online learning platform offers individual and group classes in real-time and in a virtual learning environment. While Byju’s was valued at about $8.2 billion in the last round, Unacademy was valued at $510 million in February 2020. With the situation created due to the coronavirus pandemic, it is uncertain when children will return to school and resume normal classes. 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 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. Existing investors Tiger Global, GGV Capital, Omidyar and Westbridge Capital also participated in the new round. 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. 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. Trulearn Spaces Pvt. Vedantu General Information Description. 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 … Their latest funding was raised on Jul 15, 2020 from a Series D round. In Aug 2019, It achieved $42 million in Series C from investors Westbridge Capital, Accel, Tal Education, and Omidyar Network. Vedantu has raised about $200 million to date. Prior to this round, Vedantu has raised $16.6 Mn, with a $11 Mn funding … Vedantu’s Founders (L-R): Pulkit Jain, Anand Prakash and Vamsi Krishna. 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. Earlier this month, Vedantu had raised $12.56 million from Legend Capital. 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. Omidyar's Ohana Holding also participated in the Series C1 round. 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. ... Total Funding N/A. Started in 2011, Vedantu now has gained much popularity among students, and have mentored over 40,000 students from all over the country. We are excited to partner Vedantu in their next stage of growth,” said Rahul Kishore, managing director at Coatue, in a statement. This investment - Seed Round - Instasolv - was valued at $2M. Rahul Kishore, Managing Director, Coatue will also join Vedantu… VCCircle +1. Because Vedantu operates virtual classes, it has been able to accommodate more students in a session. Vedantu serves 25 million students each month. Earlier this month, Vedantu raised $12.56 million (or Rs 96 crore) from Chinese venture firm Legend Capital. 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.. The funding was led by top-notch US-based investment firm Coatue with participation from existing investors. Last Funding Round $100M, Series D, Jul 16, 2020. Developer of a live online tutoring platform designed to offer a personalized and democratized world of learning. Ltd, which operates children-focused edtech startup Uable, has raised money as part of its seed funding round. From left to right: Vamsi Krishna, CEO and co-founder; Anand Prakash, co-founder; and Pulkit Jain, co-founder and head of product. It has more than 25 million users every month, from across 1,000+ cities and 40+ countries. This surge can be attributed to the growing importance of the edtech segment during the COVID-19 pandemic. But for some, it also means there aren’t many teachers left to teach them. 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. Visit our website to know more about Vedantu Scholarship Admission Test. 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. Entrackr had exclusively reported about Vedantu’ Series C round. 23 Apr 2020. Krishna said Vedantu is adding to the platform more than 20,000 paying subscribers each month. 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