Newsletter
Vedantu has raised $11 million from ABC World Asia, Accel India and Omidyar Network India in a convertible equity round.
Vedantu is an Indian online learning platform that provides live interactive classes, test prep, and personalised tutoring for school students and competitive exams.
For context: a convertible equity round is a type of funding where investors give money now that can later turn into shares, usually at a future valuation. This lets the company raise money quickly without setting a fixed value right away, while giving early investors a chance to benefit if the company grows.
The deets: the new funds will be used for category expansion through both organic and inorganic opportunities along with investments in technology, AI and adaptive content to improve personalisation and learning outcomes.
Worth noting: Vedantu is targeting a $150-200 million IPO between 2027 and 2028 to provide exits to early investors and raise growth capital.
