Vedantu, an Indian online tutoring platform, has raised $24 million in an extended Series C funding round led by GGV Capital with participation from some existing investors. GGV Capital managing partner Hans Tung is joining the company’s board as part of the deal.
The Bangalore-based edtech startup unveiled Series C round of $42 million in last August. According to Crunchbase, Vedantu ’s total fundraise to date reaches $83.9 million.
Founded in 2014, the startup offers live and interactive courses to students from grade 6 to 12. A part of courses are free, and others require subscription.
Vamsi Krishna, Vedantu’s CEO and co-founder, claimed Vedantu’s learning app has attracted 75,000 paid subscribers, and the number is expected to surpass 100,000 this year. More than 25 million students come to its app and website to access to free lessons each month.
The company has recently launched a proprietary system called WAVE to better understand students’ learning process by evaluating 70+ parameters.
As Deal Street Asia reported, “The funds will be utilised to build the brand aggressively, invest in brand leadership and expand into new categories like early childhood from ages 4 to 10 (kindergarten to standard 5), complementing the existing offering,” said Krishna.
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