This fund raise was led by New York-based hedge fund Coatue, which has backed Uber, Spotify, Bytedance globally, and has invested in Swiggy and Rebel Foods in India. Vedantu’s painful growth spurt in the eye of an edtech storm Vedantu was the first edtech to launch live video classes in India. our App Now!! Vedantu raises $100 mn from Coatue, valuation doubles to $600 mn Premium Vedantu co-founder Vamsi Krishna. Vedantu recorded a growth of 220% during lockdown with more than a million students attending 3.8 million live hours of classes every month. Vedantu, the edtech platform for students aged 6 and 12, is cashing in on an ever-increased traction. Which industries has this organization most actively invested in? New Delhi: Vedantu has raised $100 million, as part of its Series D round, which has doubled its valuation to $600 million, making it the second-most valued edtech startup in India, after Byju’s. Although many businesses are struggling to operate due to the lockdown and COVID-19 crisis, EdTech companies are blazing as schools and other educational institutions are closed and students have no choice but to rely on online learning. Existing investors such as Tiger Global and GGV Capital also participated in the round. Which industries has this organization had the most exits in? You are now subscribed to our newsletters. Stay connected and informed with Mint. WhatsApp acquired by Facebook). This is Vedantu`s third round of funding in the last 12 months. The table below provides a detailed description of the funding raised by Vedantu so far: Date Stage Amount Lead Investors; July, 2013: Pre-seed Round: $150K: Ramaswami: August, 2014 : Seed Round: $400K-May, 2015: Series A: $5 … Oops! 3. Vedantu is funded by 9 investors. Vedantu had 3 rounds of funding in 2020. Vedantu’s total fund tally stands at over $200 million with the latest funding. Unacademy Valuation | Coronavirus Positive Impact On India EdTech Companies Startups BYJU Unacademy Vedantu Latest Valuation; new Delhi 5 minutes ago. The flipside, however, is that Vedantu may just not have been prepared for it Olina Banerji, 26 Mar 2021. Your session has expired, please login again. Vedantu Funding Rounds Summary Vedantu's latest funding round in July 2020 was reported to be $100 m. In total, Vedantu has raised $203.2 m. Vedantu's latest valuation is reported to be $275 m. It also launched a reading programme and plans to add more programmes in this category. With the latest investment, Vedantu’s total funding has crossed $200 million, while its valuation stands at $600 million, making it the second most valuable edtech startup in India, close behind recently turned decacorn BYJU’S. Two million students attended Vedantu’s live interactive classes over the past three months, according to the startup — a 220% growth in users. This investment - Seed Round - Instasolv - was valued at $2M. During the pandemic, Vedantu entered the early learner segment with the launch of its coding program for 6-12 years called Vedantu SuperKids. Edtech startups stepped in to fill the gap with online classes to further student engagement. With this, Vedantu’s valuation is at $600 million. Vedantu which offers live interactive classes for students across grades K1 to 12, saw its valuation rise by over $300 million as against the pre-COVID times. It has raised about $200 million till date. We have grown leaps and bounds to be the best Online Tuition Website in India with immensely talented Vedantu Master Teachers, from the most reputed institutions. Developer of a live online tutoring platform designed to offer a personalized and democratized world of learning. Vedantu’s fund-raise was led by New York-based hedge fund Coatue, that has backed Uber, Spotify, Bytedance globally, and has invested in Swiggy and Rebel Foods in India. Copy link; The valuation of companies has almost doubled during the Corona epidemic ; The market size of edtech in India is around 10 lakh crores. Never miss a story! The last valuation it reported is $280 million. This move underlines our strategy to partner with companies that are strategically positioned for high growth and scale. The beginning of 2020 was a big bang year for the edtech startups in India. “Our investment in Vedantu marks our entry into the Indian edtech market. WestBridge Capital and Tiger Global Management are the most recent investors. In case you can’t find any email from our side, please check the spam folder. Vedantu competes with a number of local players, including unicorn Byju’s, which is widely believed to be the largest edtech startup in the world with its valuation ballooning close to $6 billion. Total amount raised across all funding rounds, Total number of lead investment firms and individual investors, Announced Date: Date that the Funding Round was publicly announced, Transaction Name: Auto-generated name of transaction (e.g. Benchmarks . NSE Gainer-Large Cap . Updated : July 16, 2020 04:56 PM IST . The company is now valued at $600 million, second in the Indian educational technology space, rivaled by only Byju’s $10.5 billion valuation. Angel - Uber), Number of Investors: Total number of Investors in a Funding Round, Money Raised: Amount of money raised in Funding Round, Lead Investors: Name of the investor who led the investment in the funding round, Total number of investment firms and individual investors, Investor Name: Name of the investor who participated in the Investment, Lead Investor: This field indicates whether an investor led/organized the investment, Funding Round: Name of the funding round where the Investment is made, Partners: Name of the individual who led a funding round for his/her firm, Announced Date: Date when the Investment is announced, Organization Name: Name of the organization that received the investment, Acquiree Name: Name of the acquired organization, Announced Date: Date the acquisition was announced, Transaction Name: Auto-generated name of transaction (e.g. In July, Toppr raised $50 million in a Series D round as it plans to scale up operations. Summary Metrics Vedantu's latest funding round in July 2020 was reported to be $100 m. In total, Vedantu has raised $203.2 m. Vedantu's latest valuation is reported to be $600 m. The startup has secured another $7 million as part of its ever extending Series C round. Other startups in the edtech sector are also capitalising as students go online for learning across cities. Vedantu General Information Description. Which investors participated in the most funding rounds? If the investment in Vedantu goes through, its valuation will double from the previous funding round, which was led by Tiger Global and WestBridge Capital last year. Atom Funding Friday, July 17, 2020 - 13:03 TNM Staff Follow @thenewsminute Edtech startup Vedantu … vedantu valuation News and Updates from The Economictimes.com. Shruti Mishra @ShrutiMishra_ share. How many investments has this organization made over time? The latest $100 million funding round pushed Vedantu’s valuation to USD 600 million. U.S.-based Coatue led the six-year-old Vedantu’s new financing round, with participation from some existing investors. Earlier, in February, another edtech startup Unacademy had raised $110 million from Facebook and General Atlantic valuing it at $510 million. In the first six months of 2020, venture capital firms (VCs) have shown a clear preference for ed-tech startups with $795 million raised compared to $108 million in the year ago period, according to data from Venture Intelligence research. Stay connected and informed with Mint. Copyright © HT Digital Streams Limited All rights reserved. New York-based Coatue is a known technology investor, having backed Uber, Meituan Dianping and DoorDash globally, along with bets on Swiggy and Rebel Foods in India. The startup is reportedly in talks with potential investors to raise between $100 million and $150 million of fresh funding at a valuation that could help it achieve unicorn status. Increased investor interest is also a result of the rise in digitisation of education amidst the pandemic. We, at Vedantu, are announcing Vedantu Master Scholarship Test 2020 for admission to Online Classes for Std 6 to 10 (CBSE and ICSE) and JEE and NEET exam preparation. July 17, 2020 2:01 AM. 5Y Return. “On top of adding new categories, we will use the funds to invest into content and technology to create the world’s best Live teaching-learning experience," added Krishna. The new funds valued Vedantu at $600 million, up from $275 million in … With this round, Vedantu’s valuation jumps to $600M making them the second most valued company in the Indian Edtech space. FEATURED FUNDS ★★★ ★★ ICICI Prudential Long Term Equity Fund (Tax Savi.. 5Y Return. This is Vedantu`s third round of funding in the last 12 months. It'll just take a moment. By Raj Narayan 20 July 2020. Secure your future with our scholarship programme. By Thimmaya Poojary | 16th Jul 2020 This is the third time this year that Vedantu has raised capital and the edtech startup plans to use this money in areas of … Founders of Vedantu. Which funding types raised the most money? Started in 2014, Vedantu was the first company to start with LIVE interactive teaching in the country. Which types of acquisition does this organization make most frequently. Facebook-backed Unacademy too has been on an acquisition spree to grow organically, having acquired learning platforms PrepLadder and Mastree recently. 2 min read . “The talks have been on for the past month and Vedantu could be valued in the range of $850-900 million,” said one of the sources on condition of anonymity. Vedantu LIVE Online Master Classes is an incredibly personalized tutoring platform for you, while you are staying at your home. FEATURED FUNDS ★★★ ★★ ICICI Prudential Bluechip Fund Direct-Growth. 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