September 29

Indian Online Learning Platform Vedantu Becomes Unicorn With $100 Million Funding

By Manish Singh

Online learning platform Vedantu has raised $100 million in a new financing round and has become the latest Indian startup to become a unicorn following a year of strong growth.

Vedantu, which last month refuted rumors of it considering a sale to Byju’s, said on Wednesday it has raised $100 million in its Series E financing round that valued it at $1 billion, up from about $275 million early last year.

The round was led by Singapore-headquartered — and Temasek-backed — private equity firm ABC World Asia. Existing investors Coatue Management, Tiger Global, GGV Capital, and WestBridge also “strongly” participated in the round, the startup said.

Photo courtesy of Siyavula Education.

Source: TechCrunch (link opens in a new window)

Education, Technology
edtech, startups, youth