Vedantu company is the second most valued ed-tech start-up in India following its USD 100mn fund raise at a valuation of USD 600mn during a Series D round led by Coatue Management, Tiger Global, GGV Capital, Omidyar and Westbridge Capital. Its founders Vamsi Krishna, Pulkit Jain and Anand Prakash won the ET Startup Award for 2020 under the Category – Come Back Kids.
Interestingly, the Vedantu’s valuation has more than doubled in just three months, as it had earlier raised USD 7mn from KB Global at a valuation of USD 280mn in April 2020. We believe the latest fund raise comes under the backdrop of the fast growing adoption of the online medium for learning purposes in the country that was visible even prior to the onset of the Covid-19 pandemic. The pandemic has further