In participation with existing investors, Vedantu, a Bengaluru based online education startup, has raised $24 million in series C round funding from GGV Capital and others.
Founded in 2011 by Saurabh Saxena, Pulkit Jain, Vamsi Krishna, and Anand Prakesh. Vedantu is an online tutoring platform that provides online classes for Grades 6 – 12th, and for IIT JEE NEET.
Speaking at the fundraise, Vasim Krishna, Co-founder & CEO, Vedantu said, “We are excited to have GGV Capital, our investor, that has backed some of the world’s most successful companies, this is a huge validation for Vedantu.”
“We want to further our mission to make this new format of live interactive classes the answer to the current engagement gaps in online education and are very excited about the future,” Krishna added.
In a statement, the company said, “The company will invest the fresh round of funding in business expansion as well as for exploring the new category segment for the age group of 4-10 years.”
After the investment in Vedantu, Hans Tung, Managing Partner, GGV Capital, who will later join the Vendantu’s board, said, “We are excited to partner with Vamsi and the Vedantu team and share GGV’s global expertise and network to help them scale and shape learning outcomes for millions of students in India and beyond.”