Ed-tech Startup Vedantu has raised US$24 Million (INR 171.33 Cr) in a Series C funding round led by investment firm GGV Capital.
Founded in 2011, Vedantu is planning to use this funding to invest in brand leadership. They are also planning to expand into new categories like tutoring for students studying in kindergarten to fifth grade. Vedantu is aiming to influence the experiences of budding learners from metros and small cities of India.
As per the company’s claims, Vedantu is presently helping 25 Million users monthly to access free content. With over 500 teachers, they claim to provide LIVE Classes to about 6 Million learners per month, in over 40 countries.
Talking about present growth and plans, Vamsi Krishna, co-founder, and CEO of Vedantu said,
“As we continue to grow our student enrolments by 4.5x year on year, we are gearing to invest in the brand and entering very strongly in new categories of age group 4-10 years beyond current customer segments.”
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