Vedantu to Enter the Unicorn club with the latest funding of $100 and to become the 5th Edtech this year after, BYJU’s, Unacademy, UpGrad and Eruditus
Vedantu Is a tutoring Platform where it provides tutorials to its students live with a real-time virtual learning environment named WAVE (Whiteboard Audio Video Environment). It brings together students and teachers to achieve it, where students can pick teachers and learn from them via LIVE interactive classes. Vedantu ensures that students can get their doubts solved instantly, take part in quizzes & activities, and have a personalized learning experience from its best teachers with such LIVE learning engaging and fun, Vedantu students consistently perform well and produce great results.
They also had a firm before Vedantu called Lakshya for a test preparation coaching company. Lakshya was acquired by a public listed company, MT Educare in the year 2012.
Its previous funding was held last year in July 2020 where it raised $100 million in a Series D round valuing it at $650 million. According to a report by Moneycontrol, approximately $60 Mn will be invested by its existing investor Coatue Management, GGV Capital, and Tiger Global Management, The remaining of $40 is expected from the Asian private equity fund
Vedantu generates revenue from selling subscriptions ranging from Rs 100 to Rs 5,000 for live and interactive sessions. The firm provides monthly tuitions and exam preparation for NTSE, PSA, KVPY, IMO, JEE Mains, and other courses.