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EDTECH UNICORN VEDANTU
Vedantu raises $11 million via convertible notes, eyes IPO next yearEdtech unicorn Vedantu has raised $11 million through convertible notes, led by ABC World Asia, to drive organic and inorganic expansion, t...- Edtech startup Vedantu raises $11 million from existing investors as part of larger roundVedantu has secured $11 million through convertible notes led by ABC World Asia, with participation from Accel India and Omidyar Network. T...
- Vedantu turns profitable in Q4 FY25 with record collections: CEO Vamsi KrishnaFounded in 2011 by Krishna, Anand Prakash, Saurabh Saxena, and Pulkit Jain, the K12 edtech firm became a unicorn in September 2021 after ra...
- Vedantu acquires test prep platform Deeksha for $40 millionThe acquisition will give Vedantu access to almost 40 offline centres across Telangana, Andhra Pradesh and Karnataka, and to Deeksha’s 13,0...
- Vedantu lays off another 100 employees after sacking 624 in MayInterestingly, cofounder and chief executive Vamsi Krishna had said in a memo to employees on May 18 that the previous retrenchment exercis...
- Over 50K startup employees stare at job loss as India prepares for 200 unicornsNearly 12,000 startup employees have been shown the door to date, let by companies like Ola, Blinkit, BYJU's (White Hat Jr, Toppr), Unacade...
- Vedantu launches first hybrid learning centre as edtechs shed pandemic-induced growthVedantu’s offline learning foray is largely focused on test preparation segment as it looks to bolster its presence in the segment.
- Edtech carnage continues as WhiteHat Jr lays off 300 employeesWhiteHat Jr posted a total loss of Rs 1,690 crore for FY21, according to regulatory filings filed with the Ministry of Corporate Affairs.
- Vedantu’s consolidated net loss widens to Rs 604.28 crore in FY21The Tiger Global-backed startup’s employee benefit expenses increased by 4.6 times to Rs 407.4 crore in FY21 against Rs 88.3 crore in FY20,...
- Online learning platform Physics Wallah enters unicorn club with $100 million fundingWestBridge Capital and GSV Ventures lead the funding round valuing the edtech startup at $1.1 billion
- Vedantu says it is laying off another 424 employeesVedantu had earlier fired 200 of its contractual and full-time employees, amid cratering demand for online education, owing to the opening ...
- Just getting startedGrowth- and late-stage deals comprise around 85% of the total funding. Deals in all stages of funding showed growth in CY21 but growth- and...
- Edtech unicorn Vedantu lays off 200 employeesAbout 120 of these employees were on contract while 80 were full-time employees, Vedantu told ET. Almost all were from the company’s academ...
- Edtech unicorn Vedantu slashes course costs as offline learning returnsVedantu's latest offering, Ai Live classes, offers an interactive platform backed by technology at Rs 5,000 annually. It leverages artifici...
- Vedantu on track to be 'IPO-ready' in 18-24 monthsThe company said that as much as 90-95 per cent of the market remains unpenetrated, offering massive scope for edtech players to expand.
- Indian unicorns set to continue their hiring spree in 2022Meesho, Acko, Razorpay, Zeta, Spinny, Apna, Vedantu and Cred are among those looking to scale up their teams by up to 100 per cent in the c...
- Lead School becomes third unicorn of 2022 after $100 million fundingThe financing round makes Lead School the third startup to enter India’s unicorn club in 2022, after Mamaearth and Fractal AI. It is also t...
- Lead School becomes third unicorn of 2022 after $100 million fundingThe financing round makes Lead School the third startup to enter India’s unicorn club in 2022, after Mamaearth and Fractal AI. It is also t...
- Indian startups' hiring spree continues amid record funding this yearThere are nearly 70 unicorns — startups valued at $1 billion or more — in India and these are likely to create 125,000-160,000 white-collar...
- Vedantu turns unicorn after $100-million fundingVedantu has raised $100 million in a new funding round led by Temasek-backed ABC World Asia, catapulting it into the unicorn club. more inv...
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