Vedantu aims to deploy the majority of these funds for further technology development to create a more personalized LIVE learning experience for students and to develop its Student App.
Vedantu, a leading EdTech platform and pioneer of the 'live online, interactive' class, has raised funds of $11 million. The funding round was led by Omidyar Network with participation from Accel & overseas Education conglomerate. Vedantu aims to deploy the majority of these funds for further technology development to create a more personalized LIVE learning experience for students and to develop its Student App.
Vedantu started operations in 2015 and has currently completed 800,000 hours of LIVE classes with a student base of 40,000 from grades 4 to 12 (for CBSE & ICSE Boards) and works with 500 teachers.
Vamsi Krishna, CEO and Co-Founder of Vedantu, said, "Our aim at Vedantu has always been to reimagine and improve the way teaching and learning have been happening for decades. Today on Vedantu, thousands of students from all across the world study virtually with teachers, who are located far away from them. By using technology tools, data and AI, we are not just connecting these students to amazing teachers, but we are able to create a superior learning experience for students and aid in their outcome improvement, which is unlike any offline experience. Teaching and learning are set to transform at a rapid pace and our mission at Vedantu is to accelerate these transformations."
Siddharth Nautiyal, investment partner, Omidyar Network, said, "The lowering data costs and availability of high-speed internet is making the online teaching model a reality. Vedantu's one-to-many live classes are disrupting the market while providing students a meaningful learning experience through 'star' teachers and an AI-powered platform to students in over 400 cities. We are excited about our partnership with Vedantu as they build a solution for the next half billion Indians who are coming online for the first time."