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.