ⓘ Featured image: A file-photo of Vedantu co-founders (L-R): Pulkit Jain, Anand Prakash and Vamsi Krishna
Bengaluru-based edtech startup Vedantu that offers online tutoring to students on April 20 raised $6.8 million from South Korea’s KB Global Platform Firm.
This is the second funding round for Vedantu in the month of April 2020. Earlier this month, the company raised $12.56 million from China’s Legend Capital in a Series C round with participation from Omidyar, TAL Education, Accel, and Prince Maximilian of Liechtenstein, CEO of LGT Group.
Founded by Vamsi Krishna, Anand Prakash, and Pulkit Jain in 2014, Vedantu provides personalised online tutoring to students and leverages artificial intelligence, machine learning and big data.
The startup claims to serve over 150,000 active students every month and has a user base of over 25 million (monthly) from across 1,000+ cities and over 40 countries.
To suppress the impact of COVID-19, Vedantu has partnered with a number of schools in Bengaluru, New Delhi, Kerala, and Hyderabad to provide free access to its complete learning platform.
Commenting on the occasion of the funding round and sharing the vision of Vedantu, Vamsi Krishna, CEO & Co-Founder of Vedantu in a statement said,
“At Vedantu, we believe that best quality education should be accessible to everyone, anytime. We believe Online Learning is a safe option in these risky and uncertain times. The students can study from the safety of their home and avoid travel and public places. We are constantly working on solutions that will drive evolution, fundamentally changing the pattern of teaching and learning today. We are here to support by making our platform free during this crucial time. We are closely monitoring the impact of COVID-19 and are here to assist students & schools with all their learning needs.”