E-learning platforms have been steadily gaining attention nowadays , offering learners an alternative to traditional way of education. One such key player among them is Vedantu!
Company Profile
This e-learning platform helps to bridge the gap between physical and virtual classrooms, offering real-time interaction and personalized attention that is often missing in other online learning environments.
Vedantu started gaining significant recognition and attention around 2019-2020. The platform’s interactive and personalized approach to online learning, plus its user-friendly interface, contributed to its growing popularity during this period.
The outbreak of the COVID-19 pandemic in 2020 further helped in its growth, as traditional educational institutions shut down and remote learning became the new normal.
Vedantu Valuation
Vedantu has reportedly successfully secured $328 million in its series E-funding round. As of FY22, Vedantu is valued at Rs.8,200 crores ($1 billion).
The Ed-tech startup was founded in 2014, by Vamsi Krishna, Saurabh Saxena, Anand Prakash, and Pulkit Jain. Vedantu’s last reported valuation was about $1 billion. Its latest funding was done in FY22 of $19 million.
Well, Vedantu’s total expenses jumped 19% to INR 890.9 Cr from INR 748.1 Cr in FY21. Plus, employee benefits rose almost 20% year-on-year, which accounts for the majority of the total expenses.
Vedantu works on a B2C (Business-to-Consumer) business model. The company provides services like online live tutoring, one-on-one teacher interaction, and audio-video environment to students i.e. WAVE (Whiteboard Audio Video Environment).
Funding & Shareholders
Vedantu’s innovative approaches, especially during the COVID-19 pandemic, helped it stand out in the market, and operates on various ways to make money. One of the prominent and major factors is the business model on which it operates its funding and collects revenue.
Note: We have already discussed Vedantu Business Model and covered its core operating strategies and revenue sources. You can check it out for more information.
One of the major parts is –
Vedantu has reportedly successfully secured $328 in its series E funding rounds. The funding for this was contributed by many investors. Some of them are Catamaran, Accel, and Kaizenvest. The latest financing acquired by Vedantu was $19 million, and its latest market valuation reached $1 billion.
In FY22, Vedantu raised $308.3 million over 14 rounds of funding as a seed for the budget on 14 November 2022. Vedantu has 14 investors as of 2022.
Vedantu has acquired over 3 companies, their latest acquired company was Ace Creative Learning aka Deeksha on October 13, 2022, for about $40 million (330 crores). This investment, Ace Creative Learning aka Deeksha will bring about 13,000 students close to the Vedantu platform.
Have a look at a series of transactions and funding.
| DATE | TRANSACTION | NO. OF INVESTORS | MONEY RAISED | LEAD INVESTORS |
| August 1, 2014 | Seed round | Rs.3.2 crores ($400K) | – | |
| May 7, 2015 | Series A | 2 | Rs.41 crores ($5 million) | Accel, Tiger Global Management |
| Nov 24, 2018 | Series B | 3 | Rs.90.2 crores ($11 million) | Accel, Omidyar Network |
| Aug 8, 2019 | Debt financing | 1 | Rs.92.9 crores ($11.33 million) | Trifecta Capital Advisors |
| Aug 29, 2019 | Series C | 5 | Rs.344 crores ($42 million) | Tiger Global Management, WestBridge Capital |
| Feb 13, 2020 | Series C | 4 | Rs.196 crores ($24 million) | GGV Capital |
| Apr 23, 2020 | Series C | 2 | Rs.57.4 crores ($7 million) | KB Global Platform Fund |
| Jul 15, 2020 | Series D | 5 | Rs.820 crores ($100 million) | Coatue |
| Sept 29, 2021 | Series E | 6 | Rs.820 crores ($100 million) | ABC World Asia |
| Feb 24, 2022 | Series E | 1 | Rs.16.4 crores ($2 million) | Orios Venture Partners |
| Dec 2, 2022 | Series E | 3 | Rs.160.7 crores ($19.6 million) | Catamaran, Accel, Kaizenvest |
Competition
In recent years, the e-learning industry has witnessed exponential growth, with various platforms coming up. There are many e-learning platforms and some of them are Unacademy, Byjus, and Coursera. Among these contenders, Vedantu has emerged as a leading player, by offering interactive live classes and personalized learning experiences.
Future Plans
CEO Vamsi Krishna said that their e-learning platform has planned to expand to one more location. Plus to overseas too like South Asia and some Commonwealth regions near Western Europe.
Within the following 18-24 months, the Vedantu e-learning platform will be looking for an IPO. We can see the results through the steady increase of Vedantu valuation.
In the post-pandemic world, Vedantu can have tough competition from other e-learning platforms.
