Vedantu raises $100 mn in funding from Coatue
New Delhi, 17th July 2020: Online live tutoring platform Vedantu raises $100 million (about ₹752 crores) in funding, led by US-based investment firm Coatue.
The Series D round also saw participation from existing investors as well including Tiger Global Management, Accel Partners, Omidyar Network, TAL, and WestBridge Capital.
Vedantu's total fundraising has crossed USD 200 million. The latest $100 million funding round pushed Vedantu's valuation to USD 600 million.
Rahul Kishore, managing director of Coatue, will also join Vedantu's board, it added.
Vedantu said the latest infusion has made it the 'second most valued company in the Indian edutech space after Byju's.
Indian edu-tech firm Byju's have the highest valuation of USD 10.5 billion.
Vedantu has always believe...