Vedantu is an Indian

online tutoring Online tutoring is the process of tutoring in an online, virtual, or networked, environment, in which teachers and learners participate from separate physical locations. Aside from space, literature also states that participants can be separated by ...

platform launched in 2014 based in

Bengaluru Bangalore (), officially Bengaluru (), is the capital and largest city of the Indian state of Karnataka. It has a population of more than and a metropolitan population of around , making it the third most populous city and fifth most ...

, India.

History

The company was launched in 2014. Its name ''Vedantu'' is derivative

Sanskrit Sanskrit (; attributively , ; nominally , , ) is a classical language belonging to the Indo-Aryan branch of the Indo-European languages. It arose in South Asia after its predecessor languages had diffused there from the northwest in the late ...

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 (, , ) are a large body of religious texts originating in ancient India. Co ...

'' (knowledge) and ''Tantu'' (network). The organization is run by IIT alumni Vamsi Krishna (co-founder & 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 Learn Limited provides education across India through its various ventures. The company operates through various schools and vocational educational institutions in India. It is listed on both the major stock exchanges in India. Network ...

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

Indian Certificate of Secondary Education The Indian Certificate of Secondary Education (ICSE) is an examination conducted by the Council for the Indian School Certificate Examinations, a private board designed to provide an examination in a course of general education, in accordance wi ...

(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 may refer to: Plant structures * Plant stem, a plant's aboveground axis, made of vascular tissue, off which leaves and flowers hang * Stipe (botany), a stalk to support some other structure * Stipe (mycology), the stem of a mushro ...

Hindi Hindi (Devanāgarī: or , ), or more precisely Modern Standard Hindi (Devanagari: ), is an Indo-Aryan language spoken chiefly in the Hindi Belt region encompassing parts of northern, central, eastern, and western India. Hindi has been de ...

English English usually refers to: * English language * English people English may also refer to: Peoples, culture, and language * ''English'', an adjective for something of, from, or related to England ** English national ide ...

German German(s) may refer to: * Germany (of or related to) **Germania (historical use) * Germans, citizens of Germany, people of German ancestry, or native speakers of the German language ** For citizens of Germany, see also German nationality law **Ger ...

French French (french: français(e), link=no) may refer to: * Something of, from, or related to France ** French language, which originated in France, and its various dialects and accents ** French people, a nation and ethnic group identified with Franc ...

environmental science Environmental science is an interdisciplinary academic field that integrates physics, biology, and geography (including ecology, chemistry, plant science, zoology, mineralogy, oceanography, limnology, soil science, geology and physical geograp ...

and

social science Social science is one of the branches of science, devoted to the study of societies and the relationships among individuals within those societies. The term was formerly used to refer to the field of sociology, the original "science of soc ...

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

Indian Institute of Technology Joint Entrance Examination Indian or Indians may refer to: Peoples South Asia * Indian people, people of Indian nationality, or people who have an Indian ancestor ** Non-resident Indian, a citizen of India who has temporarily emigrated to another country * South Asia ...

(JEE) Foundation,

National Talent Search Examination In education, an entrance examination or admission examination is an examination that educational institutions conduct to select prospective students. It may be held at any stage of education, from primary to tertiary, even though it is typic ...

(NTSE), National Eligibility cum Entrance Test (NEET) and Problem Solving Assessment (PSA). Other courses include Coding,

Mathematics Mathematics is an area of knowledge that includes the topics of numbers, formulas and related structures, shapes and the spaces in which they are contained, and quantities and their changes. These topics are represented in modern mathematics ...

, Reading and Public Speaking. In January 2022, the company joined Byju's, Simplilearn, Unacademy, PrepInsta Prime and upGrad became one of the founding members of

IAMAI Internet and Mobile Association of India (IAMAI) is a not-for-profit industry body representing the interests of online and mobile value added services industry. It is registered under The Societies Registration Act, 1860. History The need fo ...

'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 intelligence—perceiving, synthesizing, and inferring information—demonstrated by machines, as opposed to intelligence displayed by animals and humans. Example tasks in which this is done include speech re ...

Machine Learning Machine learning (ML) is a field of inquiry devoted to understanding and building methods that 'learn', that is, methods that leverage data to improve performance on some set of tasks. It is seen as a part of artificial intelligence. Machine ...

Funding

The firm raised its first round of funding after six months of current operational format. It has raised million from

Accel Partners Accel, formerly known as Accel Partners, is an American 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 ...

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. It mainly focuses on Internet, software, consumer, and financial technology industries. Background and histo ...

in its series A funding. It plans to utilize the funding in developing 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 $1.5billion to n ...

and also contributed by its existing investor

. On August 29, 2019, Vedantu announced that it has 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 Nantucket () is an island about south from Cape Cod. Together with the small islands of Tuckernuck and Muskeget, it constitutes the Town and County of Nantucket, a combined county/town government that is part of the U.S. state of Massachuse ...

. With the latest funding, Vedantu's total fund tally stands at over million. In September 2021, Vedantu raised million at a post-money valuation of over million, according to Fintrackr calculation. Due to reduced funding for Indian startups, Vedantu laid off one hundred employees in July 2022, making 720 redundancies for 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 Bangalore Indian educational websites Distance education institutions based in India Educational technology companies of India Online tutoring Virtual learning environments Education companies of India Educational websites 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