Vedantu is an Indian multinational online tutoring platform launched in 2014 based in

Bengaluru Bengaluru, also known as Bangalore (List of renamed places in India#Karnataka, its official name until 1 November 2014), is the Capital city, capital and largest city of the southern States and union territories of India, Indian state of Kar ...

, India. It primarily provides services to students in grades 4 to 12.

History

The company was launched in 2014. Its name, ''Vedantu'', is derived from the

Sanskrit Sanskrit (; stem form ; nominal singular , ,) is a classical language belonging to the Indo-Aryan languages, Indo-Aryan branch of the Indo-European languages. It arose in northwest South Asia after its predecessor languages had Trans-cultural ...

words ''

Veda FIle:Atharva-Veda samhita page 471 illustration.png, upright=1.2, The Vedas are ancient Sanskrit texts of Hinduism. Above: A page from the ''Atharvaveda''. The Vedas ( or ; ), sometimes collectively called the Veda, are a large body of relig ...

'' (knowledge) and ''Tantu'' (network). The organization is run by IIT alumni Vamsi Krishna (co-founder and CEO), Pulkit Jain (co-founder and head of product), Saurabh Saxena (co-founder) and Anand Prakash (co-founder and head of academics). Earlier, the team founded Lakshya, which was acquired by MT Educare (a subsidiary of

Zee Learn Zee Entertainment Enterprises Limited (ZEEL) (formerly Zee Telefilms) is an Indian media conglomerate. Headquartered in Mumbai, it has interests in television, print, internet, film, and businesses related to mobile content, and operates 45 c ...

) in 2012. It primarily provides services to students from grades 4 to 12 of the

Indian Certificate of Secondary Education The Indian Certificate of Secondary Education (ICSE) is an academic qualification awarded by the Council for the Indian School Certificate Examinations, a private, non-governmental board of education in India. The CISCE conducts these examinati ...

(ICSE) and

Central Board of Secondary Education The Central Board of Secondary Education (CBSE) is a national-level board of education in India for public and private schools, controlled and managed by the Government of India. Established in 1929 by a resolution of the government, the Board ...

. The company's primary business is live online tutoring in

STEM Stem or STEM most commonly refers to: * Plant stem, a structural axis of a vascular plant * Stem group * Science, technology, engineering, and mathematics Stem or STEM can also refer to: Language and writing * Word stem, part of a word respon ...

Hindi Modern Standard Hindi (, ), commonly referred to as Hindi, is the Standard language, standardised variety of the Hindustani language written in the Devanagari script. It is an official language of India, official language of the Government ...

English English usually refers to: * English language * English people English may also refer to: Culture, language and peoples * ''English'', an adjective for something of, from, or related to England * ''English'', an Amish ter ...

German German(s) may refer to: * Germany, the country of the Germans and German things **Germania (Roman era) * Germans, citizens of Germany, people of German ancestry, or native speakers of the German language ** For citizenship in Germany, see also Ge ...

French French may refer to: * Something of, from, or related to France ** French language, which originated in France ** French people, a nation and ethnic group ** French cuisine, cooking traditions and practices Arts and media * The French (band), ...

, environmental science, and

social science Social science (often rendered in the plural as the social sciences) is one of the branches of science, devoted to the study of societies and the relationships among members within those societies. The term was formerly used to refer to the ...

. It uses a White Board Audio Video Environment (WAVE) method for their 1-1 student-teacher live sessions. It provides test preparation courses for the

Indian Institute of Technology Joint Entrance Examination Indian or Indians may refer to: Associated with India * of or related to India ** Indian people ** Indian diaspora ** Languages of India ** Indian English, a dialect of the English language ** Indian cuisine Associated with indigenous peoples o ...

(JEE) Foundation, National Talent Search Examination (NTSE), National Eligibility cum Entrance Test (NEET) and Problem Solving Assessment (PSA). Other courses include coding,

mathematics Mathematics is a field of study that discovers and organizes methods, Mathematical theory, theories and theorems that are developed and Mathematical proof, proved for the needs of empirical sciences and mathematics itself. There are many ar ...

, reading and public speaking. In 2019, Vedantu suffered a data breach exposing the data of about 687,000 users, including email addresses, IP addresses, names, phone numbers, genders and passwords. In January 2022, the company joined

Byju's Byju's (stylised as BYJU'S) is an Indian multinational educational technology company, headquartered in Bengaluru. It was founded in 2011 by Byju Raveendran and Divya Gokulnath. As of October 2024, various media outlets reported that Byju's v ...

, Simplilearn, Unacademy, PrepInsta Prime and upGrad and became one of the founding members of IAMAI's India EdTech Consortium. In March 2022, it launched W.A.V.E 2.0, an interactive platform that aims to support

Artificial Intelligence Artificial intelligence (AI) is the capability of computer, computational systems to perform tasks typically associated with human intelligence, such as learning, reasoning, problem-solving, perception, and decision-making. It is a field of re ...

Machine Learning Machine learning (ML) is a field of study in artificial intelligence concerned with the development and study of Computational statistics, statistical algorithms that can learn from data and generalise to unseen data, and thus perform Task ( ...

. Vedantu reported a net loss of ₹696 crore in financial year 2022. In February 2024, Vedantu collaborated with TagHive to introduce new learning solutions.

Funding

The firm raised its first round of funding after six months of the current operational format. In its series A funding, the firm has raised million from

Accel Partners Accel, formerly known as Accel Partners, is a global venture capital firm. Accel works with startups in seed, early and growth-stage investments. The company has offices in Palo Alto, California and San Francisco, California, with additional ope ...

and

Tiger Global Management Tiger Global Management, LLC (often referred to as Tiger Global and formerly known as Tiger Technology) is an American investment firm founded by Chase Coleman III, a former Tiger Management employee under Julian Robertson, in March 2001. It ma ...

. It plans to utilize the funding to develop technology solutions for tablets and mobile with scalability, which can run hundreds of live learning sessions concurrently. Vedantu raised million in a series B funding round led by Silicon Valley impact investment firm

Omidyar Network Omidyar Network is a self-styled "philanthropic investment firm," composed of a foundation and an impact investment firm. Established in 2004 by eBay founder Pierre Omidyar and his wife Pam, Omidyar Network has committed over US$1.5billion to no ...

and also contributed by its existing investor

. On 29 August 2019, Vedantu announced that it had raised million in a series C financing round for expansion in India. In July 2020, Vedantu raised million in funding led by US-based Coatue. With the latest funding, Vedantu's total fund tally is over million. According to Fintrackr calculations, in September 2021, Vedantu raised million at a post-money valuation of over million. In September 2021, The platform achieved unicorn status by raising $100 million in a Series E round led by ABC World Asia, valuing the company at $1 billion, making it the fifth edtech company in India to achieve unicorn status, following

Unacademy Unacademy is an Indian educational technology company headquartered in Bangalore. It provides an Distance education, online educational platform that hosts online courses and exam preparation materials. The company was founded by Gaurav Munjal, ...

, Eruditus, and upGrad. Due to reduced funding for Indian startups, Vedantu laid off one hundred employees in July 2022, making 720 redundancies for 2022. It further laid off 350 more people from its team in December 2022.

Acquisitions

* In February 2021, Vedantu made its first acquisition by acquiring Instasolv in an undisclosed deal. Vedantu had invested million in Instasolv in July 2020. * In July 2021, it invested in AI-enabled learning platform Pedagogy''.''

References

{{Reflist

External links

Official website
Companies based in Bengaluru Indian educational websites Distance education institutions based in India Educational technology companies of India Online tutoring Virtual learning environments Education companies of India E-learning in India Indian educational programs 2011 establishments in Karnataka Indian companies established in 2011 Test preparation companies

History

Funding

Acquisitions

See also

References

External links