Edtech co. Vedantu raises $11-M from ABC World Asia, existing investors

Bengaluru-based edtech company Vedantu has raised USD 11 million in a convertible notes round led by ABC World Asia, with participation from existing investors Accel and Omidyar Network, as part of a larger ongoing round.Founded in 2014 by Vamsi Krishna, Anand Prakash, and Pulkit Jain, Vedantu offers tuition to school students besides courses to prepare for entrance tests such as NEET and JEE. The company plans to deploy the funds to expand into new categories and invest in technology, artificial intelligence, and adaptive content.