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Covid-19 crisis puts growth of online education space on fast track

Live tutoring firm Vedantu cashing in as coaching classes remain shut amid lockdown

e-learning, online classes
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The company, which raised $24 million in fresh funding in February, led by GGV Capital, may also look at acquisitions as a lever to growth in the coming months | Photo: Representative image

Samreen AhmadBibhu Ranjan Mishra Bengaluru
The ongoing coronavirus (Covid-19) pandemic and the lockdown may have devastated many sectors but it has clearly fast-tracked growth of the online education space.

Edutech firm Vedantu, which provides live online tutoring services to school students and those preparing for entrance and competitive examinations, is one such company.

The Bengaluru-based start-up, which is backed by marquee investors such as Tiger Global and Accel Partners, is now hoping to achieve the growth target it set for the next two years, in just six months. This is owing to the increased traffic it saw during the lockdown.

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