Edtech startup Vedantu, focussed on live online tutoring, has confirmed that it has raised $100 million in Series E funding led by Singapore-based impact investing fund ABC World Asia. The round also saw strong participation from existing investors – Coatue, Tiger Global, GGV Capital, and WestBridge among others.
With this latest round of funding, Vedantu’s valuation is at $1 billion, making it the newest unicorn in the block. The funds will be primarily used to strengthen product engineering functions as well as expanding into newer categories through both organic and inorganic routes. The Rainmaker Group acted as the exclusive financial advisor to Vedantu on their fundraising.
