Edtech platform Vedantu has secured $11 million in fresh funding from existing investors as part of a larger ongoing round led by ABC World Asia with participation from Accel India and Omidyar. This marks the company’s first significant funding in four years since its $100 million round in 2021, when it turned unicorn.
Funding strategy
The round is structured as a convertible one. The company is also in discussions for a larger secondary component aimed at providing exits to some early investors including Chinese and legacy shareholders, it added.
The fresh capital will fund category expansion through organic and inorganic opportunities, along with investments in AI and adaptive learning technology.
Road to profitability and the 2027 public listing goal
“This internal round is a strong vote of confidence from our investors as we prepare for the next chapter of Vedantu’s journey. Over the last 18 months, we have demonstrated disciplined growth and a clear path to profitability. The upcoming external round and secondary process will further strengthen our balance sheet, align our shareholder base and set us up for a potential public market listing in calendar year 2027,” said Vamsi Krishna, co-founder and chief executive officer of Vedantu.