Vedantu raised $100 mn from Coatue valuation doubles to $600 mn
Vedantu raised $100 million doubling its valuation to $600 million. The fund-raise was led by New York-based hedge fund Coatue.Existing investors such as Tiger Global and GGV Capital also participated in the round.The fresh capital infusion is likely to go towards expansion and offering new products.
“Our investment in Vedantu marks our entry into the Indian edtech market. This move underlines our strategy to partner with companies that are strategically positioned for high growth and scale. Online learning adoption in India is at an all-time high setting a new benchmark for the rest of the world," said Coatue’s Kishore.