homevideos Newsstartup NewsVedantu raises $42 million in Series C funding, seeks to advance brand in live tutoring space
Vedantu raises $42 million in Series-C funding, seeks to advance brand in live tutoring space
Vedantu, India’s leading and live interactive online tutoring platform for students, has raised $42 million in Series-C funding led by Tiger Global and Westbridge Capital Partners. This is the largest funding in the live, online tutorial space in India.
Speaking to CNBC-TV18, Vamsi Krishna, Co-Founder and CEO of Vedantu said, “We are going to use this fund primarily to advance our footprint and brand in the live tutoring space. Since it is a new category, majority of this fund will go into establishing this category.”
“The second biggest area where we will continue to invest is our technology and content footprint,” he added.
The funds are expected to help the company take on competitors like Toppr and Byju’s. “Vedantu is a differentiated product in terms of the first and the largest company in K12, engaged in live interactive classes. So, this round of funding will obviously go a long way in establishing live online tutoring as a category,” Krishna pointed out.
A few months back, the company had launched its own proprietary live learning platform named Wave.
“Using online technology, we are able to make education more efficient and affordable. Going forward, I strongly believe that the technology will make the whole process of teaching and learning more personalised,” he added.
First Published: Aug 29, 2019 8:37 PM IST
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