Dealflow | November 26, 2018

Omidyar Network invests in India online tutoring company Vedantu

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, November 25 – Bangalore-based Vedantu is an online tutoring platform that aims to connect students with affordable group and one-on-one tutoring sessions. The four-year-old company offers tutoring to students in grades six through 12 in 80 cities across India.

The company’s founders started the company while running another education startup—Lakshya, a student coaching center. Explaining why they changed gears, Vedantu co-founder Vamsi Krishna said, “We wanted to bring good teaching to every student, which would have taken a very long time in a brick-and-mortar setting.”

Vedantu is focusing on growth in second and third tier cities, where it has been gaining traction with the help of fast-growing internet access to hundreds of millions of people in these cities.

Omidyar Network led Vedantu’s $11 million Series B round. Prior investor Accel Partners also participated.