🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

Exclusive: Vedantu raises debt from Stride Ventures, completes acquisition of Pedagogy

EntrackrEntrackr · 1y ago
Exclusive: Vedantu raises debt from Stride Ventures, completes acquisition of Pedagogy
Medial

Edtech unicorn Vedantu has raised Rs 19.25 crore or $2.3 million in debt and equity capital from Stride Ventures. This is likely the first infusion of funds for the Bengaluru-based company since its $100 million round, which valued it at around $1.1 billion. Vedantu has raised Rs 19.25 Cr from Stride Ventures Debt Fund II, its regulatory filings sourced from the Registrar of Companies show. The firm’s board passed a resolution to allot 1,750 non-convertible debentures to raise Rs 17.5 crore and Rs 1.75 crore in the form of equity. While the raised amount is not substantial, it will extend the runway for Vedantu which is cruising through a tough time like any other edtechs. As of March 2023, the company had a net current asset of Rs 299 crore, including cash and bank balances of Rs 39 crore, as per TheKredible. Not only Vedantu, but Unacademy, Cuemath, and Classplus have also struggled to raise any capital in the past couple of years. Additionally, Vedantu has proposed to completely acquire the Ahmedabad-based Pedagogy by acquiring the remaining 9.32% stake in the company in a share swap deal. Following the deal, Vedantu is issuing 87,198 equity shares worth Rs 1.53 crore, to Archin Shah and Ritesh Gandhi – Co-founders of Pedagogy. The company bought stakes in Pedagogy in July 2021 which was exclusively reported by Entrackr. Pedagogy allows its users access to popular books and digital courses from trusted publishers and coaching centres across the country for JEE, NEET, NET, CTET and other entrance exams. On the lines of other edtechs, Vedantu also entered into an offline fray by partnering with Vignan Institute, and launched six learning centres for higher secondary schools in Andhra Pradesh and Telangana. While the company is yet to disclose FY24 numbers, Vedantu’s revenue from operations slipped 7.8% to Rs 153 crore in FY23. According to startup data intelligence platform TheKredible, the Tiger Global-backed company narrowed down losses by 46.4% to Rs 373 crore in FY23.

Vedantu raises $11 Mn from internal investors in ongoing round

EntrackrEntrackr · 22d ago
Vedantu raises $11 Mn from internal investors in ongoing round
Medial

Vedantu raises $11 Mn from internal investors in ongoing round Edtech company Vedantu has raised $11 million in fresh funding from internal investors as part of a larger ongoing round led by ABC World Asia with participation from Accel India and Omidyar. The round is structured as a convertible one and also includes discussions for a secondary component aimed at providing exits to some early investors including Chinese and legacy shareholders. The new funds will be used for category expansion through both organic and inorganic opportunities along with investments in technology, artificial intelligence, and adaptive content to improve personalization and learning outcomes, Vedantu said in a press release. The notable funding comes after a gap of four years for the Bengaluru based company. Last year, it raised $2.3 million in debt and equity from Stride Ventures. Its $100 million unicorn round took place in September 2021. “This internal round is a strong vote of confidence from our investors as we prepare for the next chapter of Vedantu’s journey. Over the last 18 months, we have demonstrated disciplined growth and a clear path to profitability. 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 Vamsi Krishna, co-founder and chief executive officer of Vedantu. According to Vedantu, it turned profitable in the fourth quarter of FY25, posting collections of Rs 90 crore, a 67% year on year increase, and generating over Rs 6 crore in free cash flow. The company added that it recorded Rs 110 crore in collections during April to June 2025 and has remained cash flow positive for the past six months. For FY25, total collections grew 55% to Rs 284 crore while cash burn was reduced by 30%. While Vedantu has not yet filed its FY25 results, it had reported a loss of Rs 157 crore in FY24. Vedantu has also expanded its hybrid learning model with more than 100 offline centres and the onboarding of franchise partners. It serves more than two lakh paid students with a network of 1,200 teachers. Its platform attracts more than 10 million monthly users while its YouTube channel garners more than one billion annual views, the second highest in India’s K12 segment.

Download the medial app to read full posts, comements and news.