Vedantu has now become the second most valued ed-tech start-up in India following its USD 100mn fund raise at a valuation of USD 600mn during a Series D round led by Coatue Management, Tiger Global, GGV Capital, Omidyar and Westbridge Capital. Interestingly, the company’s valuation seems to have more than doubled in just three months, as it had earlier raised USD 7mn from KB Global at a valuation of USD 280mn in Apr 2020.
We believe the latest fund raise comes under the backdrop of the fast growing adoption of the online medium for learning purposes in the country that was visible even prior to the onset of the Covid-19 pandemic. The pandemic has further intensified the online shift, with all
Read moreIndian EdTech Gets Hot – Vedantu Second Most Valued Firm