Edtech Vedantu turn Unicorn list after $100M funding from ABC world Asia

Edtech Vedantu turn Unicorn list after $100M funding from ABC world Asia
30/09/2021 No Comments Startup, Trending Anshul

The Edtech Vedantu turn Unicorn list after $100M funding from ABC world Asia and company valuation hits to $1 B.

LinkedIn Top Startups list India 2021-Unicorn Unacademy & Fintech CRED

Vedantu is an e-learning company that features an online platform that features real-time personalized learning. It provides a software platform connects tutors and student which provides real-time one to one teaching to students online.

Edtech Vedantu :

This is an Edtech online tutoring startup, that has become the fifth Indian ed-tech unicorn after raising $100 million in Series E-funding backed by Singapore-based ABC World Asia. The round, which also featured existing investors Tiger Global Management, Coatue, and GGV Capital, valued the startup at $1 billion.

This is the first capital raise for the company in 2021 and in the past 15 MOnth. Before this Byju’s, Unacademy, UpGrad and Eruditus has entered in the unicorn club list.

The Bengaluru-based startup started live tutoring services seven years ago. Its target is to reach five lakh paid users near the March next year.

Vamsi Krishna, co-founder and chief executive officer of Vedantu, said that at present the number is around two lakh we will create the future learning milstone.

Company Intro Unicorn list after $100M funding from ABC world Asia :

Funded – The year 2011

Employees: 6000-8000 people

Owner and Founder – Vamsi Krishna, Pulkit Jain, and Anand

Company Valuation: $1 Billion

DATE and Year Total Funding Round Series
Jul 2013$150k Nil
Aug 2014$400k Nil
May 2015$5M SERIES-A
Nov 2018$11M SeRIES-B
Aug 2019$42M SERIES-C
Feb 2020$24M SERIES-C
Apr 2020$12M SERIES-C
May 2020$7M SERIES-C
Jul 2020$100M SERIES D
Sep 2021$100M SERIES-E (ABC WORLD ASIA)

Vedantu joins in list of other Indian tech companies that have entered the unicorn league of startups in 2021 alone. These include Eruditus, upgrade, Mobile Premier League, Network, CoinDCX, Mindtickle, BharatPe, OfBusiness, Droom, Cred, Pharmeasy, BlackBuck, BrowserStack, Gupshup, ShareChat, Meesho, Zeta, and Moglix.

The Edtech Vedantu turn Unicorn list after $100M funding from ABC world Asia and company valuation hits to $1 B.

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