Edtech startup Vedantu seeks $1-B valuation in new round

Several new investors including Owl Ventures are in talks to lead a USD 150 million new round in Bengaluru-based edtech firm Vedantu, which may value it at USD 1 billion. Existing investors Coatue, Tiger Global and Accel may also participate in the fundraise, which will be Vedantu's first in 2021.