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* In February 2021, Vedantu made its first acquisition by acquiring Instasolv in an undisclosed deal.<ref>{{Cite web|title=Vedantu acquires Instasolv, a doubt-solving app – the latest in buzzing edtech acquisitions in India|url=https://www.businessinsider.in/business/startups/news/vedantu-acquires-instasolv-a-doubt-solving-app-the-latest-in-buzzing-edtech-acquisitions-in-india/articleshow/81151506.cms|access-date=2021-07-16|website=Business Insider}}</ref>
* In February 2021, Vedantu made its first acquisition by acquiring Instasolv in an undisclosed deal.<ref>{{Cite web|title=Vedantu acquires Instasolv, a doubt-solving app – the latest in buzzing edtech acquisitions in India|url=https://www.businessinsider.in/business/startups/news/vedantu-acquires-instasolv-a-doubt-solving-app-the-latest-in-buzzing-edtech-acquisitions-in-india/articleshow/81151506.cms|access-date=2021-07-16|website=Business Insider}}</ref>
* In July 2021, it invested in AI-enabled learning platform Pedagogy.<ref>{{Cite news|title=Edtech startup Vedantu acquires majority stake in Pedagogy|work=The Economic Times|url=https://economictimes.indiatimes.com/tech/startups/edtech-startup-vedantu-acquires-majority-stake-in-pedagogy/articleshow/84442331.cms|access-date=2021-07-16}}</ref>
* In July 2021, it invested in AI-enabled learning platform Pedagogy.<ref>{{Cite news|title=Edtech startup Vedantu acquires majority stake in Pedagogy|work=The Economic Times|url=https://economictimes.indiatimes.com/tech/startups/edtech-startup-vedantu-acquires-majority-stake-in-pedagogy/articleshow/84442331.cms|access-date=2021-07-16}}</ref>

==See Also==
* [[i-Vidyarthi]]
* [[Byju's]]
* [[Vedantu]]


== References ==
== References ==

Revision as of 16:17, 2 January 2022

Vedantu
Company typePrivate
IndustryOnline Education
Founded2011; 13 years ago (2011)
FoundersVamsi Krishna (CEO & Co-Founder)

Pulkit Jain(Products Head & Co-Founder)
Anand Prakash (Academics Head & Co-Founder)

Saurabh Saxena(Co-Founder)
Headquarters
Bengaluru
,
India
Area served
Worldwide
WebsiteVedantu.com

Vedantu Innovations Pvt. Ltd. (or Vedantu) is an Indian online tutoring platform launched in 2011, based in Bengaluru. The content is focused on Indian primary, secondary and high school curriculum, along with preparation courses for various Indian Entrance Examinations and Olympiads including JEE, NEET, NDA, NTSE and KVPY.

The company's name Vedantu is derived from Sanskrit words Veda (knowledge) and Tantu (network).[citation needed] The organization is run by IIT-Alumni Vamsi Krishna (Co-Founder & CEO), Pulkit Jain (Co-Founder & Head of Product), Saurabh Saxena (Co-Founder) and Anand Prakash (Co-Founder & Head of Academics).[1][2][3] Earlier, the team founded Lakshya, which was acquired by MT Educare, (a subsidiary of Zee Learn) in the year 2012.

Vedantu hosted the second edition of International Student League (ISL) in November 2017.[4]

Content

It primarily provides services to students from Grades 4 to 12 of Indian Certificate of Secondary Education (ICSE) & Central Board of Secondary Education. Currently the company's primary business is live online tutoring in STEM, Hindi, English, Sanskrit, German, French, Environmental Science and Social Science.[5] It uses a White Board Audio Video Environment (WAVE) method for their 1-1 student teacher live sessions. It provides test preparation courses for Indian Institute of Technology Joint Entrance Examination (JEE) Foundation, National Talent Search Examination (NTSE), National Eligibility cum Entrance Test (NEET) and Problem Solving Assessment (PSA).[6]

Funding

The firm has raised its first round of funding after six months of current operational format. It has raised $5 million from Accel Partners and Tiger Global Management in its Series A funding.[7][8] It plans to utilize the funding in developing technology solutions for tablets and mobile with scalability which can run hundreds of live learning sessions concurrently.[9] Vedantu has raised $11 million in a Series B funding round led by Silicon Valley impact investment firm Omidyar Network and also contributed by its existing investor Accel Partners.[10]

On August 29, 2019, Vedantu announced that it has raised $42 million in a Series C financing round for expansion in India.[11]

In July 2020, Vedantu raised $100 million in funding led by US-based Coatue. With the latest funding, Vedantu's total fund tally stands at over $200 million.[12]By the next year, Vedantu had raised $100 million at a post-money valuation of over $500 million, according to Fintrackr calculation. [13]

Acquisitions

  • In February 2021, Vedantu made its first acquisition by acquiring Instasolv in an undisclosed deal.[14]
  • In July 2021, it invested in AI-enabled learning platform Pedagogy.[15]

See Also

References

  1. ^ Poovanna, Sharan (14 October 2015). "An online platform that makes education more personalized". livemint.com/. Retrieved 5 October 2017.
  2. ^ Babu, Anita (7 May 2015). "Vedantu raises $5 mn from Accel Partners, Tiger Global". Business Standard India. Retrieved 5 October 2017.
  3. ^ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 5 October 2017.
  4. ^ "Vedantu to host second edition of International Student League in November 2017". The Education Post. Retrieved 5 October 2017.
  5. ^ "List of tutors for different subjects at Vedantu".
  6. ^ www.ETtech.com. "Vedantu raises $5 million funding from Accel Partners & Tiger Global - ETtech". ETtech.com. Retrieved 5 October 2017.
  7. ^ Shu, Catherine. "Indian Online Tutoring Platform Vedantu Nabs $5M From Accel And Tiger Global". TechCrunch. Retrieved 5 October 2017.
  8. ^ "Micromax to invest $400 m to pick up stake in 20 start-ups". The Hindu. 8 May 2015. Retrieved 5 October 2017 – via www.thehindu.com.
  9. ^ Ambre, Ashna (7 May 2015). "Tiger Global enters invests in Vedantu". livemint.com. Retrieved 5 October 2017.
  10. ^ "Omidyar leads $11 million funding in live tutoring platform Vedantu". livemint.com. Retrieved 28 December 2018.
  11. ^ "India's Vedantu raises $42M to expand its live and interactive online tutoring platform". TechCrunch. Retrieved 29 August 2019.
  12. ^ "Vedantu raises $100 million, claims now 2nd most-valued ed-tech company". The Financial Express. 17 July 2020. Retrieved 17 July 2020.
  13. ^ "Exclusive: Vedantu seeks $1 Bn valuation in a new round". ENTRACKER. Harsh Upadhyay.
  14. ^ "Vedantu acquires Instasolv, a doubt-solving app – the latest in buzzing edtech acquisitions in India". Business Insider. Retrieved 16 July 2021.
  15. ^ "Edtech startup Vedantu acquires majority stake in Pedagogy". The Economic Times. Retrieved 16 July 2021.
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