Valuation of Vedantu, India`s leading online LIVE tutoring company, zooms to $600M, making it second most valued Edtech company 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. 2. Rahul Kishore, managing director of Coatue will join Vedantu's board. Rahul Kishore, managing director of Coatue, will also join Vedantu’s board, it added. Looks like you have exceeded the limit to bookmark the image. 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 founders of Vedantu, Vamsi Krishna, Anand Prakash, and Pulkit Jain had their first attempt in 2006 with startups with Lakshya, an edtech firm. The beginning of 2020 was a big bang year for the edtech startups in India. Oops! Stay connected and informed with Mint. 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. 5Y Return. Secure your future with our scholarship programme. Updated: 16 Jul 2020, 05:11 PM IST Nandita Mathur Online live tutoring company Vedantu on Thursday said has raised $100 million (about ₹752 crore) in funding, led by US-based investment firm Coatue. Your session has expired, please login again. In case you can’t find any email from our side, please check the spam folder. NSE Gainer-Large Cap . It raised $42 million from Tiger Global and others in Aug 2019 and another $24 million from GGV Capital and Tiger in February this year. In July, Toppr raised $50 million in a Series D round as it plans to scale up operations. InstaSolv is ‘Bharat’s largest Q&A app’ for students to get Answers to their academic Questions instantly. our App Now!! NMDC 184.75 14.35. This surge can be attributed to the growing importance of the edtech segment courtesy of the COVID-19 pandemic. The funding round also witnessed participation from existing investors - GGV Capital, Tiger Global, Omidyar Network and WestBridge Capital. Valuation doubles in 3 months (Image credit: Vedantu) All that students require to pursue their education is a good laptop and an online tutor. The last valuation it reported is $280 million. 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. Log in to our website to save your bookmarks. 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. Vedantu, the edtech platform for students aged 6 and 12, is cashing in on an ever-increased traction. Today, Vedantu is a market leader in K-12 online LIVE tutoring space. Never miss a story! Vedantu offers live interactive classes to students across grades K1-12, for all major boards and competitive exams like JEE and NEET. IDFC First Bank CEO Vaidyanathan gifts 1.5 lakh shares each to three people, Kiran Mazumdar-Shaw compares COVID vaccination situation in India to arranged marriage, India's Cipla says supply of COVID-19 drug remdesivir catching up with demand, Jack Dorsey says Bitcoin changes everything ‘for the better’, Cyclone Tauktae LIVE: Deep depression over Arabian Sea intensifies, Covid-19: Delhi reports 6500 cases in last 24 hours, positivity rate down to 11%, WhatsApp privacy policy goes live: What all changes if you don’t accept update, West Bengal govt announces complete two-week lockdown from 16 May. Copyright © HT Digital Streams Limited All rights reserved. It has raised about $200 million till date. Edtech startups stepped in to fill the gap with online classes to further student engagement. Founders of Vedantu. How many investments has this organization made over time? Atom Funding Friday, July 17, 2020 - 13:03 TNM Staff Follow @thenewsminute Edtech startup Vedantu … Vedantu is funded by 9 investors. Covid-19 gave it a real boost—its users grew 6X in 2020 and its valuation more than doubled to ~$600 million. Online LIVE tutoring company Vedantu has raised $100 million as part of its Series-D funding round, led by US-based investment firm Coatue. Which industries has this organization most actively invested in? 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. 15.32 % Invest Now. This segment has been in focus for the past year and is evident from the large funding rounds … U.S.-based Coatue led the six-year-old Vedantu’s new financing round, with participation from some existing investors. Online learning adoption in India is at an all-time high setting a new benchmark for the rest of the world," said Coatue’s Kishore. Which investors participated in the most funding rounds? July 17, 2020 2:01 AM. Nifty 14,823.15 98.35. Started in 2014, Vedantu was the first company to start with LIVE interactive teaching in the country. 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. Stay connected and informed with Mint. Developer of a live online tutoring platform designed to offer a personalized and democratized world of learning. The company raised capital for a Series C round in two tranches in April 2020 – $12.6 million and $7 million. Facebook-backed Unacademy too has been on an acquisition spree to grow organically, having acquired learning platforms PrepLadder and Mastree recently. 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. Edtech platforms have benefited from the extended lockdown in the country, when the covid-19 crisis forced educational institutions to suspend classroom teaching. With this shift in consumer behavior from offline to online, Krishna said the company is investing to scale impact, expand into new categories, and firmly establish itself in the online live tutoring space. 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. 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. 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 … Unacademy Valuation | Coronavirus Positive Impact On India EdTech Companies Startups BYJU Unacademy Vedantu Latest Valuation; new Delhi 5 minutes ago. FEATURED FUNDS ★★★ ★★ ICICI Prudential Long Term Equity Fund (Tax Savi.. 5Y Return. 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. Which types of acquisition does this organization make most frequently. The flipside, however, is that Vedantu may just not have been prepared for it Olina Banerji, 26 Mar 2021. 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. Vedantu raises $100 mn from Coatue, valuation doubles to $600 mn Premium Vedantu co-founder Vamsi Krishna. WhatsApp acquired by Facebook). Increased investor interest is also a result of the rise in digitisation of education amidst the pandemic. 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’s total fundraise crosses $200 Million. Exclusive: Edtech startup Vedantu to raise $100 million, double valuation to $600 million in just 3 months Vedantu was valued at $280 million in April, according to an Entrackr report. You are now subscribed to our newsletters. “During lockdown, everyone is talking about live classes and this is the best time for us to drive more adoption and strengthen our brand as the best destination for Live classes," Vamsi Krishna, CEO and co-founder of Vedantu said in a telephonic interview. 3. Vedantu’s painful growth spurt in the eye of an edtech storm Vedantu was the first edtech to launch live video classes in India. Vedantu had 3 rounds of funding in 2020. With this round, Vedantu’s valuation jumps to $600M making them the second most valued company in the Indian Edtech space. vedantu valuation News and Updates from The Economictimes.com. 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. 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. Byju’s raised $100 million in June from US-based technology investor Bond, at a valuation of $10.5 billion. 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. Details here, Vedantu recorded a growth of 220% during lockdown with more than a million students attending 3.8 million live hours of classes every month. It'll just take a moment. PTI | Updated on July 16, 2020 × . Vedantu has invested in Instasolv on Jun 23, 2020. Shruti Mishra @ShrutiMishra_ share. The latest $100 million funding round pushed Vedantu’s valuation to USD 600 million. While the company claimed a $600 million valuation in the Series D round that also had a little secondary component, Fintrackr estimates showed that it was valued at $510 million. Two million students attended Vedantu’s live interactive classes over the past three months, according to the startup — a 220% growth in users. “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. During its Series D funding round, Vedantu has raised $100 million, multiplying its valuation to $600 million, which makes it the second-most esteemed ed-tech startup in India, after BYJU's. How much funding has this organization raised over time? By Raj Narayan 20 July 2020. 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. 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. Download Vedantu General Information Description. Benchmarks . The startup has secured another $7 million as part of its ever extending Series C round. This move underlines our strategy to partner with companies that are strategically positioned for high growth and scale. The new funds valued Vedantu at $600 million, up from $275 million in … Which funding types raised the most money? “Our investment in Vedantu marks our entry into the Indian edtech market. How much Bangalore-based online education startup Vedantu raised in a series D round. FEATURED FUNDS ★★★ ★★ ICICI Prudential Bluechip Fund Direct-Growth. 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 … This investment - Seed Round - Instasolv - was valued at $2M. Updated : July 16, 2020 04:56 PM IST . In the midst of the Corona epidemic, the year 2020 was very good for companies … Never miss a story! 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. With this, Vedantu’s valuation is at $600 million. The company is now valued at $600 million, second in the Indian educational technology space, rivaled by only Byju’s $10.5 billion valuation. During the pandemic, Vedantu entered the early learner segment with the launch of its coding program for 6-12 years called Vedantu SuperKids. Existing investors such as Tiger Global and GGV Capital also participated in the round. Vedantu raised US$ 100 million, as part of its Series D round, which has doubled its valuation to US$ 600 million, making it the second-most valued edtech start-up in India, after Byju’s. 14.18 % Invest Now. Vedantu LIVE Online Master Classes is an incredibly personalized tutoring platform for you, while you are staying at your home. Which industries has this organization had the most exits in? Remove some to bookmark this image. Earlier, in February, another edtech startup Unacademy had raised $110 million from Facebook and General Atlantic valuing it at $510 million. WestBridge Capital and Tiger Global Management are the most recent investors. Vedantu’s total fund tally stands at over $200 million with the latest funding. It also launched a reading programme and plans to add more programmes in this category. This is Vedantu`s third round of funding in the last 12 months. 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. This is Vedantu`s third round of funding in the last 12 months. Other startups in the edtech sector are also capitalising as students go online for learning across cities. Last week, Bengaluru-based edtech startup Unacademy saw its valuation touch $2 … Can ’ t find any email from our side, please check the spam folder,! Cashing in on an ever-increased traction email from our side, please check the spam folder Equity Fund Tax... The latest $ 100 million funding round, with participation from some existing investors such as Tiger Global Omidyar! Student engagement investors such as Tiger Global, Omidyar Network and westbridge Capital, when the crisis! 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