Vedantu – Redefining Education Through Live Online Tutoring

Himaya Presthitha Himaya Presthitha Chayanika Goswami Chayanika Goswami
Nov 26, 2021 11 min read
Vedantu – Redefining Education Through Live Online Tutoring

Vedantu's success story, an edtech startup that is popular with students. Read on to learn more about the company profile of Vedantu, which includes its founders, sales, financing, business model, rivals, etc.

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Vedantu.

Conventional learning and teaching methodologies result in several inadequacies when it comes to imparting education. The major problem with classroom education is that it is never equipped enough to match every student's learning pace and abilities.

Vedantu resolves this problem through personalized, 'live' online tutoring. Vedantu ensures every student associated with it is under the guidance of a dedicated teacher, and that every session on its platform is interactive, intuitive, and interesting. Launched in 2011, Vedantu has become immensely popular among students. It has mentored over 40,000 students from all over India.

Read on to know more about Vedantu's founders, success story, business model, revenue, tagline, funding, and competitors.

Vedantu Highlights

Startup Name Vedantu
Headquarters Bangalore
Founders Vamsi Krishna, Pulkit Jain, and Anand Prakash
Sector Edtech
Founded 2011
Valuation $1 bn+ (November 2021)
Revenue $4.77 mn (Rs 35.8 crore in FY20)
Total Funding raised $290.9 mn (November 2021)
Parent Organization Vedantu Innovations Private Limited

Vedantu - Latest News
About Vedantu
Vedantu - Founders
Vedantu - Vision and Mission
Vedantu - Name, Tagline, and Logo
Vedantu - Startup Story
Vedantu - Funding and Investors
Vedantu - Business Model
Vedantu - Achievements
Vedantu - Competitors
Vedantu - Growth and Revenue
Vedantu - Employees
Vedantu - Acquisitions
Vedantu - Future Plans
Vedantu - FAQs

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Vedantu - Latest News

November 26, 2021 - Vedantu launches its first-ever ESOP liquidity plan, which is worth Rs 20 crore under the ESOP linked bonus pay-out scheme of the company. The company is expected to extend more such rounds going forward, as per an email by CEO Vamsi Krishna on Friday.

September 29, 2021 - Vedantu raises $100 mn worth of funding and becomes India's 27th unicorn startup and the 5th Edtech company to turn unicorn this year, 2021.

June 16, 2021 - Vedantu is looking to bring some fresh investments of around $150 million very soon to raise the total valuation of the company to $1 billion. However, the talks are at an initial stage and nothing else is disclosed as of now.

February 22, 2021 - Vedantu acquires Instasolv, a doubt-solving platform for the students of Classes 6-12, completing its first major in the edtech space.

February 4, 2021 - Vedantu announced that the edtech platform has delivered around 70 million hours of content to the students and learners in 2020. The Youtube channel of the company also saw massive growth, with 510 million hours of yearly views. Besides, the live sessions also received a renewed boost owing to the online drive as an aftermath of the pandemic.

About Vedantu

Vedantu is India’s leading Edtech startup in the domain of online tutoring. It offers personalized coaching for students of grades 6 to 12 with highly skilled teachers guiding them. Vedantu's efficient, customized teaching methodologies include two-way audio, video, and white-boarding technologies to enhance the learning outcomes with live student-teacher interactions. It caters to students for competitive examinations and co-curricular modules as well. The cooperative sessions keep the students engaged according to the pace of the lecture, an aspect that is absent in recorded video lectures and classroom education. Vedantu offers video sessions that support even low internet bandwidth. With its powerful learning management tools and holistic training approach, Vedantu appears to be the finest online educational service provider in the K-12 segment.

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Vedantu - Founders

Vamsi Krishna, Saurabh Saxena, Pulkit Jain, Anand Prakash - Vedantu Founders
Vedantu Founders

Vedantu was founded by Vamsi Krishna (co-founder, CEO), Pulkit Jain (co-founder, head of product), and Anand Prakash (co-founder, head of academics).

Vedantu co-founder and CEO Vamsi Krishna completed his B.Tech from IIT Bombay in 2005 and co-founded Lakshya Institute — an educational enterprise that prepares students for engineering and medical entrance exams — with three more IITians: Saurabh Saxena, Pulkit Jain, and Anand Prakash. The four individuals have mentored 10,000+ students and trained more than 200 teachers through Lakshya. Vamsi, Saurabh, Pulkit, and Anand continued to work on Lakshya for nearly eight years until it was acquired by MT Educare in 2012.

Vedantu co-founder Pulkit Jain has a Btech in Chemical Engineering from IIT Roorkee. He joined Evalueserve as a Business Analyst before founding Lakshya and eventually establishing Vedantu.

Anand Prakash serves as co-founder and Academic Head at Vedantu. Prakash was the Manager of Abhishek Industries before he founded Lakshya Institute and then Vedantu along with the other founders.

The team of four started Vedantu in 2011. Saurabh Saxena, who served as the Head of Academics, exited Vedantu in January 2018.

Vedantu - Vision and Mission

With highly trained teachers and a technology-driven academic setup, Vedantu ensures a great learning experience for each of its students. Vedantu focuses on providing quality education and a comprehensive analysis of students’ interaction and engagement in the class through online assessments and tests; hence, the progress of students is closely monitored. Through its instinctive, next-generation platform WAVE (Whiteboard Audio Video Environment), Vedantu fulfills its objective of fostering online education in an unparalleled manner.

Vedantu's vision is to transform the teaching and learning experience through the synergy of superior technology with worthy content and proficient teachers.

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The name ‘Vedantu’ is the result of combining the words 'Veda' and 'Tantu'. 'Veda' means knowledge and 'Tantu' means network; thus, Vedantu acts as a network of wisdom. Vedantu's tagline is “Live Online Tutoring”.

Vedantu Logo
Vedantu Logo

Vedantu - Startup Story

The story of Vedantu has the story of the four IITians and the story of Lakshya in its core. It was Vamsi Krishna who took the initial initiative along with the other IITians and founded the primary venture and named it "Lakshya" in 2006. IIT Roorkee Btech graduates - Saurabh Saxena, Anand Prakash, Pulkit Jain, and Vamsi Krishna, started Lakshya Institute with an aim to train for a wide variety of tests and exams. However, they eventually realized that to up the game they needed something beyond the brick and mortar institute and this would be done only by leveraging technology and the internet. Such an institute would be online and scalable.

They found that to establish an online education platform they would be needing dedicated and skilled teachers. Therefore, they soon started working on it through Lakshya. Finally, they sold Lakshya to MT Educare Ltd, which purchased 51% stakes in the educational platform in 2012. Vedantu was formed in 2011.

Vedantu - Funding and Investors

Vedantu has raised around $290.9 million in funding to date. Vedantu had witnessed a total of 10 rounds of funding. This surge can be attributed to the growing importance of the Edtech segment, courtesy of the COVID-19 pandemic.

Furthermore, the company is aiming to raise $150 million from a fresh round of funding in 2021, according to the sources close to the Vedantu on request of anonymity. The round would be led by the existing investors that include Coatue, Tiger Global, and Accel among others. The talks are at an initial and with no term sheet disclosed as of now.

Vedantu is finally successful in raising their new round, which helped the company infuse around $100 mn on September 29, 2021. The earlier talks, which predicted Tiger Global, Accel, and Coatue as investors, came out to be true. However, the round was actually led by Temasek-backed private equity firm ABC World Asia, along with the contributions from other existing investors like Coatue Management, Tiger Global, GGV Capital, and WestBridge.

With this funding round, Vedantu steered to emerge as a unicorn, becoming the 27th unicorn of India in 2021 after Apna. Furthermore, Vedantu has seized the 69th spot among the Indian startups that crossed the $1 bn mark.

The table below provides a detailed description of the funding raised by Vedantu so far:

Date Stage Amount Lead Investors
September 29, 2021 - $100 Million ABC World Asia, Coatue, Tiger Global, WestBridge
July 15, 2020 Series D $100 Million Coatue
April 23, 2020 Series C $7 Million KB Global Platform Fund
February 13, 2020 Series C $24 Million GGV Capital
August 29, 2019 Series C $42 Million Tiger Global Management, WestBridge Capital
August 8, 2019 Debt Finacing $1.26 Million Trifecta Capital Advisors
November 24, 2018 Series B $11 Million Accel, Omidyar Network, TAL Education Group
May 7, 2015 Series A $5 Million Accel, Tiger Global Management
August 1, 2014 Seed Round $400K -
July 15, 2013 Pre-seed Round $150K Ramaswami

Vedantu - Business Model

Vedantu operates on a B2C business model whereby the company provides services like online live tutoring — using a virtual learning environment called WAVE (Whiteboard Audio Video Environment) — to students in the K-12 segment. Vedantu also offers online tutoring to students for various competitive exams.

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Vedantu - Achievements

Vedantu was recognized as the 'Best Organization to Develop Technology for Education' by DNA Innovative Education Awards in February 2016. It was also one of the winners of 'KINSES 2016 EduAwards'. Elets World Education Summit awarded Vedantu the title of 'Online Education Startup of the Year', and Praxis Media presented the 'Most Promising and Live Online Tutoring Platform in India' award to Vedantu in 2015.

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Vedantu - Competitors

Vedantu's top competitors are -

However, new rivals are emerging every other day with the advancements in the edtech segment.

Vedantu - Growth and Revenue

Vedantu generates revenue by providing paid educational services. It recorded $10 million in revenue recently. The revenue increased by 97% from Rs 5.3 crores in FY18 to Rs 12.4 crores in FY19. For the fiscal year that ended in March 2020, Vedantu has recorded its total revenues at Rs 35.8 crore.

Vedantu has also seen its losses pump up to Rs 158.5 crore in FY20, which was around Rs 27 crore in FY19.

Vedantu usually sees a 2X growth yearly, as per the Co-founder and CEO of the company Vamsi Krishna. Furthermore, the Edtech platform claims to have grown by 4X amidst the pandemic. COVID-19 actually helped to accelerate the growth here when people started to look forward to alternative learning options than the regular classroom sessions.

Vedantu offers subscriptions ranging from INR 100 to INR 5000 for different grades and also provides courses for competitive examinations such as JEE, NEET, NTSE, IMO, PSA, KVPY, and others. The company utilizes its revenue for various operations like acquiring talented teachers, advertisements and promotions, and employee benefits expenses to support its growth.

Vedantu - Employees

The Bengaluru-based Edtech startup that initially had a skeleton crew of four friends now has around 1328 employees; a 133% increase from 2019.

Vedantu - Acquisitions

On July 15, 2021, Vedantu acquired Pedagogy, an Edtech startup from Ahmedabad in a cash and stock deal. This is the second acquisition by Vedantu after it has acquired Instasolv, a doubt-solving platform, in February this year. According to the fillings by Vedantu, both the companies have agreed to share the purchase agreement where Vedantu will be acquiring a 100% stake in Pedagogy across five tranches.

Acquiree Name Acquired Date Price
Pedagogy July 15, 2021 -
Instasolv February 22, 2021 -

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Vedantu - Future Plans

Vedantu's future plans include the creation of distinct categories for primary children, starting from kindergarten. Infusing learning with enjoyment and making learning accessible to the students of remote areas is Vedantu's supreme strategy. With 1 million lifetime learners and 4x growth in 2020, the company will explore new prospects and engage in expedient educational services in the future.

Vedantu eyes $200 million by next year's June, disclosed the company on Friday, June 25, 2021. The company has already witnessed around a 4x increase in its revenue run rate on May 2021 and is currently operating at a revenue run rate of USD 60 million. Vedantu, which is competing with biggies like Byju's, has also seen its month-on-month revenue grow 50% in April and May 2021.

“Impact at Scale is our singular driver. With a core focus on Learning Experience and Outcomes, the impact that we have had on our learners drives us in our next phase of exponential growth. As we continue to grow our student enrolments by 4.5x year on year, we are gearing to invest in brand and entering very strongly in new categories of age group 4-10 years beyond current customer segments. We are excited to have GGV Capital back us, as a unique VC firm that has backed some of the world’s most successful companies, this is a huge validation for Vedantu. We want to further our mission to make this new format of LIVE Interactive classes the answer to the current engagement gaps in Online education and are very excited about the future,” said  Vedantu CEO Vamsi Krishna while revealing the company's future plans after the GGV funding round in February 2020.

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Vedantu - FAQs

What is Vedantu's Tagline?

Vedantu's tagline is “Live Online Tutoring”.

Who are the Founders of Vedantu?

Vedantu was founded by Vamsi Krishna (co-founder, CEO), Saurabh Saxena, Pulkit Jain (co-founder, head product), and Anand Prakash (co-founder, head academics) where Saurabh exited the company in 2018.

How much is Vedantu's Revenue?

Vedantu recorded revenues of Rs 35.8 crore at FY20, which is nearly 3X increase from Rs 12.4 crores in FY19.

Who are the Top Competitors of Vedantu?

Vedantu's top competitors are Byju’s, Toppr, Unacademy, UrbanPro, WizIQ, Tutorvista, and Flipclass.

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