Education start-up Vedantu raises USD 5 million

BANGALORE, INDIA: Vedantu, a Bangalore based education tech start-up has raised USD 5 million in a series A round of funding from Accel Partners and Tiger Global Management.

The startup provides personalized and democratized live online tutoring platform for students from grade 6 to 12. The offerings range from monthly tuitions, IIT Foundation to preparation for exams like NTSE, PSA, KVPY, IMO & JEE Mains.

The tutoring platform is a  live interaction between a student and a teacher using their custom built whiteboard, audio and video technology.

Vamsi Krishna, CEO, founder claims they have more than 100 qualified teachers who dedicate 4-5 hours a day for 1000 students across 41 cities. With a rating system, the students can first select their teachers, score them and connect easily anytime.

He adds, "K-12 currently has a market of about $11bn which shows immense potential. With this investment we plan to invest in technology and make a more seamless experience and also bring it on mobile. Secondly, we want to brand and reach out to the students."

Commenting on the benefits, Vamsi Krishna explained how this technology enhances the convenience of learning, save times for all and also makes the process more effective with live lessons and real-time updates.

“We see huge potential for personalized online live tutoring in India. We know the Vedantu founders for a few years now and very impressed with their domain expertise in education combined with strong technology skills. We believe in the founding team’s vision to positively impact millions of young minds with personalized online live tutoring and excited to partner with them on this journey,” said Anand Daniel, Partner, Accel Partners.