Live online tutoring startup Vedantu in unicorn club with $1 bn valuation

Vedantu has raised $100 mn in funding. The firm which is competing with Byju's, Unacademy, Simplilearn, UpGrad and Amazon Academy is also planning an IPO by 2024

Vedantu, the pioneer in live online tutoring, has raised $100 million in its Series E round, led by Singapore based impact investing fund ABC World Asia. The round also saw strong participation from existing investors – Coatue, Tiger Global, GGV Capital, Westbridge among others.

The Bengaluru-based edtech firm has been valued at $1 billion in the latest round of funding, making it the newest member of the coveted unicorn club. It is the 28th startup to achieve unicorn status in 2021 alone. It is now the fifth such edtech firm in India. The funding also underlines Vedantu’s status as the