India edtech player Vedantu raises $100m Series E

Vedantu, which claims to be India’s largest live online tutoring company, raised a $100 million Series D last year led by Coatue Management at a valuation of $600 million. Total funding to date comes to $300 million.

Vedantu operates a live tutoring platform where students can pay for personalized teaching with membership programs of varying durations. It offers both one-on-one and group classes. Tutoring sessions cover educational material for grades six through 12 and competitive exams.

The company claims more than 40 million students use the platform every month, including around 1 million uses of the live service. The user base covers more than 10,000 cities and 50 countries.

Previous investors include GGV Capital, Tiger Global Management, WestBridge Capital, Omidyar Network, Accel Partners, LGT Group and China-based education technology developer TAL Education.

“In India, online education has the potential to create positive impact at scale,” Sugandhi Matta, chief impact officer at ABC, said in a statement.

“Using innovative technology to deliver real-time educational content to students around the country in a wide-ranging and engaging manner, Vedantu is contributing to better educational outcomes that can lead to improved lives and livelihoods.”

This is ABC’s second investment in India this year. In January, it backed agriculture technology start-up Cropin. The firm’s debut S$405 million ($298 million) received backing from Temasek Holdings, Pavilion Capital, Mapletree Investments, Seatown Holdings, Sembcorp Industries, and Singapore Power. It is active across Singapore, China, Vietnam, India, and Australia.

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• Topics
• South Asia
• Consumer
• Expansion
• India
• Impact investment
• Education
• Temasek Holdings