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VEDANTU FUNDING
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...
- Edtech startup Vedantu's FY22 losses extend to Rs 696 croreTotal expenses, which was led by people costs, went up 19% in the reported period of FY22, at Rs 890.93 crore. People costs, a growing conc...
- Edtech firm Vedantu cuts 385 jobs in fourth round of layoffs this yearThe company had previously laid off 100-full time employees from its sales team in July and another 624 full-time and contractual employees...
- 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...
- 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.
- 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,...
- 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 ...
- 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.
- 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...
- Vedantu pledges Rs 15 crore to aid Covid-hit kids in IndiaThrough this initiative, which begins on an immediate basis, Vedantu will provide emergency food, medical assistance along with a long-term...
- Vedantu acquires doubt-solving platform Instasolv as edtech churn continuesThe deal adds close to one million potential active learners of Instasolv to Vedantu’s platform. Instasolv, in turn, will leverage Vedantu'...
- ET Startup Awards 2020: Vedantu founders win Comeback Kid awardIngenuity in pulling off a pivot that is now the hallmark of Vedantu bagged them the award.
- Vedantu has $100 million from Coatue, othersVedantu has said it registered a 220% growth in users to 2 million unique students who attended its live classes during the past three mont...
- Vedantu eyes $100 million from Coatue at $600 million valuationNew York-based Coatue is a known technology investor, having backed Uber, Meituan Dianping and DoorDash globally, along with bets on Swiggy...
- Vedantu raises $12.5 million from Legend Cap & OmidyarThe investment follows a $42-million fund infusion led by Tiger Global Management in August last year, followed by a $24-million round from...
- Vedantu scores $24m from GGV Capital, othersThe investment is an extension of its Series-C round that saw Tiger Global leading a $42 million infusion into the Bengaluru-based firm in ...
- Edtech startup Vedantu secures $42M from Tiger Global, WestBridge CapEdtech firm now wants to boost activations from tier-2 and beyond.
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