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Tag: Vedantu

Vedantu acquires doubt-solving platform Instasolv
ACQUISITION

Vedantu acquires doubt-solving platform Instasolv

New Delhi, Feb 22, 2021: Ed-tech startup Vedantu has fully acquired Instasolv, a doubt-solving app for students of classes 6 to 12 for science, mathematics. The ed-tech firm, however, did not disclose the financial details of the deal. Earlier in 2020, Vedantu had invested USD 2 million as part of a pre-series A round funding in Instasolv. "Last year we took a strategic decision to invest in Instasolv to strengthen our play in doubt-solving, which is one of the key aspects of learning online. We have seen tremendous potential in Instasolv and share the same mission to democratize education in the country," Vedantu CEO and co-founder Vamsi Krishna said in the statement. This is Vedantu's first acquisition in an education technology company to strengthen its focus in the instant do...
Vedantu raises $100 mn in funding from Coatue
FUNDING

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 believ...