Business
Edtech startup Vedantu has become the 28th Indian unicorn in 2021 and the fifth edtech unicorn as the company raised $100 million in a series-E round that valued it at over $1 billion.
The funding was led by Singapore-based impact investing fund ABC World Asia, and also saw existing investors Coatue, Tiger Global, GGV Capital, Westbridge, among others.
Vedantu said that more investors are expected to join in as the round had not closed yet. According to sources, a further $10-$20 million could be pumped in at the same valuation.
newsB media 