[Shots] Vedantu enters unicorn club with fresh $100 Mn Series E funding

Vedantu unicorn funding
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Featured image: [L-R] Pulkit Jain, Anand Prakash, and Vamsi Krishna, Co-founders of Vedantu

Bengaluru, India-based edtech startup Vedantu has reportedly raised a $100 million (around INR 742.2 crore) Series E funding round on Wednesday from a clutch of investors, becoming a unicorn. The funding round for Vedantu was led by Singapore-based impact investing fund ABC World Asia., with participation from existing investors including Coatue, Tiger Global, GGV Capital and Westbridge.

The latest funding round ascended Vedantu’s valuation by $400 million from $600 million previously, totalling $1 billion.

Speaking of the development for Vedantu, Sugandhi Matta, chief impact officer at ABC World Asia, in a statement said,

“Vedantu embodies our investment themes of providing better access to quality education and using digital technology to improve lives and livelihoods,”

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Wajiha Wahab

Part of the editorial team at LAFFAZ, Delhiite by birth, Wajiha possesses a keen interest in reading about startups, accumulating information and presenting the same to the audience impressively.
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