Watch: Vedantu co-founder Vamsi Krishna on edtech momentum post pandemic
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Earlier this week, edtech startup Vedantu acquired Instasolv to boost its doubt-clearance capabilities and increase its presence in tier-II and tier-III markets.
Bengaluru based Vedantu is riding the edtech wave induced by the Covid-19 pandemic. The platform, which claims to have over 25 million monthly users across 1,000 cities around the world, raised $100 million in a growth round in July 2020. The investment came some three months after the platform secured $13 million in an extended Series C round from Chinese venture capital firm Legend Capital, existing investor Omidyar Network and others.
Operated by Vedantu Innovations, the company was co-founded by Vamsi Krishna, Anand Prakash, Saurabh Saxena and Pulkit Jain in 2011.
In an interview with TechCircle, Krishna, CEO and co-founder of Vedantu spoke about the company’s performance last year, consolidation in the sector, strategies and plans for 2021.
Rewind 2020: How edtech became a juggernaut on the back of a pandemic
Krishna is an alumnus of IIT Bombay and prior to founding Vedantu, he co-founded Lakshya Institute – an educational enterprise.