Bengaluru-based edtech startup Vedantu announced on Friday that it has secured $11 million in funding from its existing backers, including Accel, Temasek-supported impact investment firm ABC World Asia, and Omidyar Network, as part of a larger ongoing round.
The company intends to use the capital to enter new categories through both organic expansion and acquisitions, while also strengthening its investments in technology, artificial intelligence, and adaptive learning content.
Additionally, the edtech startup is in advanced discussions with potential new investors to raise further capital, which may include a secondary share sale enabling some of its early investors to exit.
“The upcoming external round and secondary process will further strengthen our balance sheet, align our shareholder base, and set us up for a potential public market listing in calendar year 2027,” said cofounder and chief executive Vamsi Krishna.
Vedantu, founded in 2011 by Krishna, Anand Prakash, Saurabh Saxena, and Pulkit Jain, entered the unicorn club in September 2021 after securing $100 million in a funding round led by ABC World Asia.
According to an earlier report, the company achieved profitability in the quarter ending March 2025, with customer collections surging 67% year-on-year to ₹90 crore.
For FY24, Vedantu’s operating revenue grew 21% to ₹185 crore, while its losses narrowed by 58% to ₹157 crore. The firm has not yet submitted its FY25 financial statements to the Registrar of Companies (RoC).
