- Vedantu is an Interative Online tutoring platform where teachers provide tuitions to students
- Company will utilize funds in business growth and technical department
Vedantu, an Indian Interactive Online tutoring platform, has raised $6.8 million in a fresh round of funding from South Korea-based KB Global Platform Firm, on April 20. The company was founded by Vamsi Krishna, Anand Prakash, and Pulkit Jain in 2014.
Earlier, it had raised $12.56 million (or Rs 96 crore) from Chinese venture firm Legend Capital. Omidyar’s Ohana Holding also participated in the Series C1 round.
The company will utilize these funds in business growth and its technical department.
Vamsi, CEO and Co-Founder of Vedantu, said,
“At Vedantu, we believe that best quality education should be accessible to everyone, anytime. We believe Online Learning is a safe option in these risky and uncertain times. The students can study from the safety of their home and avoid travel and public places. We are constantly working on solutions that will drive evolution, fundamentally changing the pattern of teaching and learning today. We are here to support by making our platform free during this crucial time. We are closely monitoring the impact of COVID-19 and are here to assist students & schools with all their learning needs.”
Vedantu is an Indian Interactive Online tutoring platform where teachers provide school tuitions to students over the internet, using a real-time virtual learning environment named WAVE a technology built in-house.