Vedantu raises $100 mn from Coatue, valuation doubles to $600 mn

Date posted: Friday 17 July 2020

Vedantu has raised $100 million, as part of its Series D round, which has doubled its valuation to $600 million, making it the second-most valued edtech startup in India, after Byju’s.Vedantu’s fund-raise was led by New York-based hedge fund Coatue, that has backed Uber, Spotify, Bytedance globally, and has invested in Swiggy and Rebel Foods in India. Existing investors such as Tiger Global and GGV Capital also participated in the round.

(Live Mint)