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 173 days ago
 Source: inc42.com

Edtech Startup Vedantu Bags $24 Mn From GGV Capital

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Vedantu wants to expand into tutoring for kindergarten to fifth-grade studentsThe company claims to have learners in 1000 cities in 40 countriesBengaluru-based online tutoring startup Vedantu has raised $24 Mn in a Series C funding round led by global investment firm GGV Capital. Back in August 2019, Vedantu raised $42 Mn in Series C round led by New York-based Tiger Global Management and WestBridge Capital. Vedantu also raised $1.3 Mn (INR 9.42 Cr) in Series C debt plus preference funding from Trifecta Capital in August last year. Prior to that, the edtech startup raised $11 Mn in Series B funding round led by philanthropic investment firm Omidyar Network, with participation from existing investor Accel Partners. Alongside that, Vedantu claims to have over 500 teachers, who provide LIVE classes to about 6 Mn learners per month in over 40 countries.

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