• Archives
  • Cryptocurrency
  • Earnings
  • Enterprise
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact Us
TechBooky
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Search in posts
Search in pages
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Search in posts
Search in pages
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Search in posts
Search in pages

Vendatu Becomes India’s Latest Unicorn After Raising $100 Million In Serries E Round

Ibhadojemu Emmanuel by Ibhadojemu Emmanuel
September 29, 2021
in Uncategorised
Share on FacebookShare on Twitter

Edtech startup Vedantu has become India’s latest unicorn after raising $100 million in a new funding round. The edtech startup attained unicorn status following an impressive year characterized by strong growth and increased operation.

Vedantu announced its unicorn status on Wednesday stating that the company’s valuation was up from $275 million from the beginning of last year. Vedantu is an online learning platform offering students in grade six through twelve live and interactive courses. Basically, its interactive platform works by providing courses to study and at the end of it, questions that students need to answer. The edtech partners with Airtel and Tata Sky to provide its wide range of courses for students at no cost.

Vedantu’s Series E funding round was led by ABC World Asia which is an equity firm located in Singapore. The round also saw participation from existing investors such as Tiger Global, WestBridge, Coatue Management and GGV Capital.

There were rumours about Vedantu being sold to Byju last month, but this rumour was debunked by the online learning startup. Vedantu is a startup on a mission. The startup aims to contribute to society by providing quality education to children in India. India holds the record for being the country with the highest population of school-age children and in contrast one of the countries that face huge educational challenges, especially children living in small cities. The startup is, therefore, contributing its quota of making quality education accessible to all.

According to the company, it has more than 35 million monthly active users and had 200,000 paying subscribers as of last year. It expects these figures to grow and hopes that the amount of paying subscribers at least doubles. As revealed by co-founder Vamsi Krishna, the startup’s revenue has grown more than four times in the past year and the company’s current annual rate is about $65 million.

Vedantu faces competition from Byju, which is India’s most valued Startup and was rumoured to be planning on buying the startup last month, and Unacademy. Unlike its competitors, Vedantu is not aggressive with raising funds and only does so when it is needed, Vamsi Krishna said. He added that with the recently raised funds, the company will attempt to become profitable in the next two years but its aim is imparting society. Speaking about the competition with other edtech startups, Vamsi Krishna said that “there is no right or wrong way to operate. You have to look at our genesis. We were already running a successful education venture. The reason why we started Vedantu was to solve the challenges teachers and students were facing. Having spent 16 years now in the education space, we know that creating a significant impact takes time. So our orientation has always been long-term”.

He went on to add that “as long as you are able to innovate for students and deliver value, nothing can prevent you from creating a long-term sustainable company. You can’t afford to keep getting distracted with what others are doing and how their revenue or valuation is growing. This is what we have been telling our team from the beginning”.

Chief Impact Officer of ABC World Asia, its lead investor for its Series E round commented that “Vedantu embodies our investment themes of providing better access to quality education and using digital technology to improve lives and livelihoods. In India, online education has the potential to extend the scope of ‘right to education’ to students in the underserved community and capture the ‘next half billion’ income group, representing over half of the country’s student population”.

He didn’t stop there, he added that “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. Vedantu’s innovative platform empowers teachers who have delivered excellent results to offer personalized education to many students at once, creating the potential for impact at scale. We are pleased to partner with Vamsi and the Vedantu team as they continue to scale and shape learning outcomes for students in India”.

The acquired funds will be used to increase offerings for students in grade one to five as well as explore expansion, merger and acquisition opportunities, Vedantu said.

Related Posts:

  • Edtech Giant Byju’s Raises New Funding Of $250 Million
    Edtech Giant Byju’s Raises New Funding Of $250 Million
  • moniepoint (1)
    Moniepoint Achieves Unicorn Status After Bagging…
  • Byju's Is Planning To Reduce Its Workforce By Up To 1,000 Additional Employees
    Byju's Is Planning To Reduce Its Workforce By Up To…
  • African-Startups
    African Startups That Have Raised Money This Year
  • lenovo-legion-y520-laptop-with-lenovo-y-gaming-headset-1440×811
    Nigeria's Cross-border Payment Startup Grey Gets $2…
  • Honey-Ogundeyi–911×682
    Nigeria's EdTech Startup Edukoya Shuts Down Three…
  • merlin_191568843_2fdcb705-2c51-4215-8c44-81ceeb0af149-superJumbo
    TeamApt Rebrands To Moniepoint For Ease Market Penetration.
  • 170530203725-the-origin-exlarge-169
    Redpanda Raises $100M Series C As Streaming Service…

Discover more from TechBooky

Subscribe to get the latest posts sent to your email.

Ibhadojemu Emmanuel

Ibhadojemu Emmanuel

Ibhadojemu Lucky Emmanuel is a graduate of Education and Economics from the University of Benin. He has a passion for tech and business and has been writing professionally for over a period of five years. He's written across various topics and segments and knew tech-business was it when he first stumbled on it. He has a great passion for music and arts, and wants to visit as many countries as he can someday.

BROWSE BY CATEGORIES

Select Category

    Receive top tech news directly in your inbox

    subscription from
    Loading

    Freshly Squeezed

    • Streamlined Tech News: AI Sends Summaries to Slack, Google Sheets August 23, 2025
    • Instagram Lets Creators Link Multiple Reels in a Series August 22, 2025
    • WhatsApp Tests Multi-Message Selection on iOS August 22, 2025
    • WhatsApp Tests Voice Notes for Missed Calls August 22, 2025
    • Microsoft Blames 365 Outages on Config Change August 22, 2025
    • Google Launches Fitbit’s AI-Powered Health & Fitness Coach August 22, 2025

    Browse Archives

    August 2025
    MTWTFSS
     123
    45678910
    11121314151617
    18192021222324
    25262728293031
    « Jul    

    Quick Links

    • About TechBooky
    • Advertise Here
    • Contact us
    • Submit Article
    • Privacy Policy
    Generic selectors
    Exact matches only
    Search in title
    Search in content
    Post Type Selectors
    Search in posts
    Search in pages
    • African
    • Artificial Intelligence
    • Gadgets
    • Metaverse
    • Tips
    • About TechBooky
    • Advertise Here
    • Submit Article
    • Contact us

    © 2025 Designed By TechBooky Elite

    Discover more from TechBooky

    Subscribe now to keep reading and get access to the full archive.

    Continue reading

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.