Announced
Completed
Financials
Sources
Tags
Venture Capital
Single Bidder
Completed
educational programmes
Acquisition
Friendly
India
educational solutions
k-12 education
Minority
Private
Education Services
Private Equity
digital education
Synopsis
Coatue Management, a private equity firm led a $100m Series D round in Vedantu, an online education company. The investment round saw investment from Tiger Global Management, Omidyar Network, Legend Capital, GGV Capital, and Accel. "Vedantu has always believed in the concept of LIVE interactive classes being a superior format for online learning which creates greater learning outcomes. During lockdown, everyone is talking about LIVE classes and it is the best time for us to drive more adoption and strengthen our brand as the best destination for LIVE classes. On top of adding new categories, we will use the funds to invest into content and technology to create the world’s best LIVE teaching-learning experience," Vamsi Krishna, Vedantu CEO and Co-Founder.
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