Online tutoring startup Vedantu Innovations Pvt. Ltd has raised USD 11 million in a Series B funding round led by impact investment firm Omidyar Network.
Bengaluru-based Vedantu said in a statement that existing investor Accel Partners and an overseas education conglomerate it did not name also participated in the round.
Vedantu plans to deploy the majority of the fresh capital to further develop its technology for creating a personalised live learning experience for students as well as developing its student app.
Founded in 2011 by Vamsi Krishna, Anand Prakash, Saurabh Saxena and Pulkit Jain, Vedantu’s online platform allows interaction between students and tutors via a whiteboard in an audio and video environment.
Source: VC Circle