Private Equity PE Fund Investments
Edtech co Vedantu raises $2-M from Orios Venture Partner
Edtech company Vedantu has raised fresh funds in its extended Series E round from Orios Venture Partner. The company had raised USD 100 million in Series E round led by Singapore-based ABC World Asia and entered the unicorn club.
The Bengaluru-based company's core offering covers online classes from grade 6 to 12 along with materials for grades 1 to 12 and for the IIT-JEE entrance test. It ventured into kids coding space (age bracket 6-12) in May 2020.
Company website ↗ (opens in a new tab)
From the Venture Intelligence PE-VC Deal Database: Between May-15 and Sep-21, Vedantu raised $304.75 M from ABC World Asia, GGV Capital, Coatue Management, WestBridge, Tiger Global, WestBridge, Omidyar Network, KB Investment, Legend Capital, Trifecta Capital, and others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)