IndiaTechDesk - India's Leading Tech and Startup Media Publication
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
    • Venture capital
  • Interviews
  • Events
No Result
View All Result
  • Home
  • TOPICS
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Business
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Ecosystem & Lists
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Investments
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • enterprise
    • SaaS
    • Venture capital
  • Interviews
  • Events
No Result
View All Result
IndiaTechDesk - India's Leading Tech and Startup Media Publication
No Result
View All Result
Home Education

Vedantu, Fifth Indian Ed-Tech Startup to Gallop into the Unicorn Club

IndiaTechDesk Editor by IndiaTechDesk Editor
October 1, 2021
in Education
56 2
0
Vedantu, Fifth Indian Ed-Tech Startup to Gallop into the Unicorn Club
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Bengaluru-based online tutoring platform Vedantu is the fifth Indian ed-tech company to gallop into the unicorn club on September 29, 2021, after raising $100 million in the ‘Series E’ round led by Singapore-based impact investing fund ABC World Asia. With the funding, Vedantu’s valuation is around $1 billion.

The round was led by Temasek-anchored impact investor ABC World Asia and existing backers – Coatue Management, Tiger Global, GGV Capital, Westbridge, and others investing. The company is the fifth EdTech (educational technology) platform to achieve this feat after Byju’s, Unacademy, Eruditus and upGrad.

Founded by Vamsi Krishna, Pulkit Jain, Anand Prakash, and Saurabh Saxena in 2014, Vedantu currently provides live coaching classes for K12 students, including entrance exams as IIT JEE Main. SuperKids is its newest offering which offers extracurricular classes like English speaking, reading, and coding courses.

Vamsi Krishna, CEO, and Co-Founder, Vedantu, said, “Back in 2014 when we held our first LIVE class, nobody believed this would work. It is super satisfying to see this format becoming mainstream and Vedantu leading the way in innovative online delivery experiences. We will continue to innovate to reach as many students as possible and create 10x better experiences and outcomes for every child at Vedantu.”

Ed-tech adoption increased with the pandemic

The pandemic has shown us that remote learning offers promising results and the industry can remain optimistic and usher in positive change. It has highlighted several aspects that the ed-tech sector can serve.

Ed-tech players can create affordable, innovative and sustainable solutions that tackle each problem effectively. Better penetration of technological solutions and faster adoption where the need is greatest and awareness is low will help.

Sugandhi Matta, Chief Impact Officer, ABC World Asia, said, “Vedantu embodies our investment themes of providing better access to quality education and using digital technology to improve lives and livelihoods. With EdTech experiencing meteoric growth in India, Vedantu as the pioneer and category creator in LIVE online tutoring is driving the tectonic shift towards online learning.”

While the pandemic hit several other sectors, the online learning space in India witnessed a $2 billion funding in 2020, according to a report by Research firm Tracxn. India’s ed-tech industry is expected to be a $30 billion market size by 2030.

Tags: Edtech startupfundingindian startupUnicorn
IndiaTechDesk Editor

IndiaTechDesk Editor

IndiaTechDesk is part of beSUCCESS Media group, focusing on Indian startup and tech news, trends and analysis. Write to us at [email protected]

Related Posts

Healthcare Ed-tech Startup Virohan bags $7 million to Fuel India Expansion
Education

Healthcare Ed-tech Startup Virohan bags $7 million to Fuel India Expansion

January 9, 2023
Gurugram-based Edtech Startup Uolo Bags $22.5 million in Funding Led by Winter Capital
Education

Gurugram-based Edtech Startup Uolo Bags $22.5 million in Funding Led by Winter Capital

December 13, 2022
Blackstone-backed Ed-tech Platfrom Simplilearn Grabs $45 million in Fresh Funding
Education

Blackstone-backed Ed-tech Platfrom Simplilearn Grabs $45 million in Fresh Funding

November 18, 2022
Sequoia-India.jpg
Education

Sequoia India planning to put $50 million in K12 Techno Services

October 31, 2022
Hyderabad-based Maths Learning Platform Bhanzu Secures $15 million in its Series A
Education

Hyderabad-based Maths Learning Platform Bhanzu Secures $15 million in its Series A

September 22, 2022
3 Indian Startup Success Stories To Push You Forward In Life
Education

Edtech Platform Byju’s Raises $800 million with 50% Push from Current CEO

March 15, 2022
No Result
View All Result

Follow Us

FREE NEWSLETTER

 




PRODUCTS

ABOUT US

IndiaTechDesk is obsessed with the Indian startup ecosystem, offering intelligent, engaging coverage of the innovations, emerging startups, and entrepreneurship in India.....read more

MORE FROM OUR NETWORK


  • ktd

  • atd

  • itd

  • ktt

  • kgd

  • kpp

  • ktp

  • kpoppost

  • ustechtimes
Categories
  • Accelerator
  • AI & Big Data
  • AR & VR
  • Bitcoin
  • Blockchain
  • Business
  • Clean Technology
  • Competitions
  • Content & Games
  • Coronavirus
  • Cryptocurrency
  • Cybersecurity
  • E-commerce
  • Ecosystem & Lists
  • Education
  • enterprise
  • Enterprise & SaaS
  • entertainment
  • Events
  • featured
  • FinTech
  • Gadgets & Electronics
  • Gaming
  • Guide
  • Health & Bio
  • Incubator
  • Indian Startups
  • Indian Women
  • Insurance
  • Interviews
  • Investments
  • IoT
  • Manufacturing
  • Market
  • Marketplaces & E-commerce
  • Regulation
  • Robotics
  • SaaS
  • Space Startup
  • Transportation & Logistics
  • Travel
  • Uncategorized
  • Venture capital
  • “Contact: [email protected]ndiatechdesk.com”
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
  • About Us

Copyright © 2023 indiatechdesk.com

No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

Copyright © 2023 indiatechdesk.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In