A series of E-rounds, led by Singapore-based Impact Investing Fund ABC World Asia, saw strong participation from existing investors – Kotu, Tiger Global, GGV Capital, Westbridge.
Vedantu, Live Online Tutoring, a Singapore-based impact investment fund led by ABC World Asia, has announced 100 million in their Series E round. The round also saw strong participation from existing investors – Kotu, Tiger Global, GGV Capital, Westbridge. With this round of funding, Vedantu is valued at $ 1 billion, and it underlines its position as the largest K-12 live online tutoring company in India.
Vedantu is the first company to offer live online classes in the K12 space in 2014. It is pioneering in space with several first-time innovations, including WAVE, its proprietary live learning platform and 2-teacher model. Both of these innovations are playing a big role in improving the company’s student outcomes. Some of the company’s inventions have been patented in the United States. The company wants to penetrate deeper into the K-12 department by continuing to innovate more in the live learning format and reaching out to more students. The funds will be used primarily to strengthen product engineering functions through both organic and inorganic routes, as well as to expand into new departments.