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Live tutoring platform Vedantu raises $100 mn from Coatue, other investors

Vedantu has recorded a growth of 220 per cent during lockdown with one million students attending live classes every month now

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When started in 2014, a user had to pay Rs 500 for an hour-long class on Vedantu which has now gone down to Rs 60-70 per hour.

Samreen Ahmad Bengaluru

2 min read Last Updated : Jul 16 2020 | 5:39 PM IST

Live tutoring platform Vedantu has raised $100 million from US-based investment firm Coatue with participation from existing investors, taking the total fund raised to $202 million. With this round, the valuation of the company has touched $600 million. Other investors in the Bengaluru-based company include Tiger Global, GGV Capital and Omidyar Network.

The amount would be utilised for brand building and creating more awareness towards live tutoring. “At a time when every school is talking about live tutoring, it’s the perfect time for us to push the pedal and invest more in creating the brand and look at new categories,” said

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