Vedantu confirms its Series E investment of $100M, enters unicorn club

• ByAyushi Ray     |    September 30, 2021

Edtech startup Vedantu confirms its Series E investment of $100M, enters unicorn club. The funding is led by Singapore-based impact investing fund ABC World Asia. The round also saw strong participation from existing investors – Coatue, Tiger Global, GGV Capital, and WestBridge among others. With this latest round of funding, Vedantu’s valuation is at $1 billion, making it the newest unicorn in the block. The funds will be primarily used to strengthen product engineering functions as well as expanding into newer categories through both organic and inorganic routes. The Rainmaker Group acted as the exclusive financial advisor to Vedantu on their fundraising.

In a conversation with YourStory’s Shradha Sharma, Co-founder and CEO of Vedantu, Vamsi Krishna says, “We haven’t raised too much money and have always been conscious of our fund raises. Last year we had raised $100 million, and close to 50 percent of that is still in the bank. Also, our burn profile is different from others. The reason for this fundraiser is to get good partners and bring in deeper penetration in the market. While everyone talks about edtech today, the category still has a long way to go and is under penetrated.” Today, Vedantu’s courses range from classes for young students – from 3 years old to 18 years old – to competitive exam preparations such as IIT-JEE, NEET, Commerce, CBSE, ICSE, and state exams such as Maharashtra Boards. Through its newest offering and fastest growing vertical, SuperKids, it offers extracurricular classes like English Speaking, Reading, and Coding.

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