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The Silicon Review Asia

Expansion plan: Vedanta Raises $42 million in Series C Funding

Expansion plan: Vedanta Raises $42 million in Series C Funding

Vedanta,a Bangalore-based startup, has raised $42 million in its Series C funding round. The funding comes at a time when the online tutoring platform is looking to expand its reach in other parts of India.

The financing round was led by WestBridge Capital and Tiger Global followed by participation from Vedantu co-founders and existing investors such as TAL Education, Omidyar India, and Accel. Since its establishment, the five-year-old startup has raised $58 million.

In an exclusive interview with Tech Crunch, Vamsi Krishna, co-founder, and CEO of the startup said that the new funding will be utilized to expand the company’s engineering team, product range, and reach more customers. Since the company doesn’t depend on old footage recordings, it will be a challenging task for scaling the platform.

The company caters students ranging from class 6-12 and also offers a zero cost recorded sessions to the users. The source of revenue for the company is generated from the live interactions and sessions subscriptions which are sold to the users.

Vedantu provides interactive sessions based on live and recorded sessions. If any student registers for an interactive session then they are needed to answer minute-based questions by tapping on their smartphone screens. They can even ask different questions based on their doubts.

The new financing round for Vedanta will boost its operations.

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