Latest news with #Vedantu
Mint
7 days ago
- Business
- Mint
Vedantu eyes $10–15 million from existing backers via convertible equity
K-12 online tutoring unicorn Vedantu is in talks to raise $10–15 million in a convertible equity round from its existing investors, two people with direct knowledge of the discussions told Mint. The company is looking to shore up capital as it chases full-year profitability and offline growth ahead of an initial public offering (IPO) over the next two years. This comes at a time when new investments in edtech startups have slowed significantly, with founders and investors increasingly at odds over the valuation benchmarks set during the boom years of online learning in 2020–21. Also read: Plenty of courtships, but no one's tying a knot in Indian edtech 'There continues to be a mismatch in valuation, so the company is in talks to raise a convertible equity round with most of its existing investors participating," said the first of the two persons cited earlier, both of whom spoke on the condition of anonymity. Existing investors include ABC World Asia, Accel, Tiger Global, WestBridge Capital, and Omidyar Network India. Unlike traditional equity rounds, where investors receive shares immediately, convertible equity delays both the valuation and the issuance of shares, until typically a priced funding round or IPO. Convertible rounds have increased in the startup ecosystem, as it started to see more down rounds after the pandemic-led boom in tech valuations, where investors wanted to bet on companies at a lower valuation than the last round. 'Multiple conversations keep happening. Nothing is on paper. We continue to explore and engage people and can potentially look to raise at opportune terms. We have been receiving multiple inbounds because of our growth and profitable numbers," said Vamsi Krishna, co-founder and CEO of Vedantu, in response to Mint's queries. Financial health Founded in 2011, Vedantu is a hybrid test preparation platform that offers both online and offline learning, boosted by its acquisition of offline player Deeksha. The company became a unicorn in September 2021 after raising $100 million in a Series E round led by ABC World Asia. The company has also regularly tapped venture debt from firms like Stride Ventures, Innoven Capital, and Alteria Capital, typically in the range of ₹8–15 crore, to support working capital needs. The potential fundraise comes ahead of Vedantu's planned IPO of $150–200 million, targeted between late 2026 and 2027, aimed at providing exits to early investors and raising growth capital, as Mint reported earlier in March. Vedantu's consolidated operating revenue rose 21% year-on-year to ₹184 crore in FY24, while losses narrowed by 58% to ₹157 crore. In FY25, the company reportedly achieved profitability in Q4, closing the year with ₹284 crore in revenue, up 55% from the previous year. It also reduced its cash burn by 30% to ₹70 crore. Also read: After edtech crash, study-abroad was the bright spot. Now, it faces testing times
Hans India
04-06-2025
- Business
- Hans India
Vedantu Student Daksh Ranks 1 in Karnataka and Secures AIR 15 in JEE Advanced 2025
Vedantu, JEE Advanced 2025, top achievers, personalised learning, offline learning centres, Karnataka State Rank 1Vedantu, India's leading education platform for JEE preparation, proudly announces the exceptional performance of its students in JEE Advanced 2025. With top ranks and consistent results year after year, this year reaffirms Vedantu's continued success in delivering high-quality, personalised, and outcome-focused education. Among the standout achievers is Daksh Tayalia from Bangalore, who secured All India Rank 15, scoring a perfect 120 in Mathematics, and emerging as the Karnataka State Rank 1. A student of Vedantu's 3-Year Long Term Batch, Daksh's unwavering discipline, commitment, and trust in the process have been truly inspiring. Also making the Vedantu family proud is Prakhar Singh from Gorakhpur, who secured AIR 92 as part of the Long Term Batch — a remarkable result born from focused effort, resilience, and expert-guided mentorship. These achievements are not isolated. Vedantu students have demonstrated strong, consistent performance, with 8 students ranked within the Top 100, 20 within the Top 500 and 83 within the Top 5,000 —reaffirming the success of Vedantu's personalised, outcome-oriented learning methodology. Achieving Success Online & Offline Vedantu's journey began with a bold vision: to make high-quality, personalised education accessible to every learner online. Over the years, this model has delivered remarkable success — and this year is no different. Many of Vedantu's top achievers, including Daksh and Prakhar, come from its Long Term Batches, demonstrating the power of consistent mentorship, focused learning, and student-first academic support. Building on this strong foundation, Vedantu expanded its fully offline Learning Centres (VLCs) across India. These centres combine rigorous academics, structured programs, and deep mentorship in a tech-enabled environment — with the highest personal attention at their core. And in just their first full academic cycle, these VLCs are already delivering impressive results. Founders Reflect on the Incredible Results 'Seeing our students succeed at this level is both humbling and energising,' said Anand Prakash, Co-founder & Head of Academics at Vedantu. 'What makes it even more special is knowing that behind every rank is a story of persistence, belief, and smart, hard work. These outcomes reflect the strength of our model — where personalised support, comprehensive study resources, and genuine mentorship come together to create real impact. Congratulations to all our students and teachers who made this moment possible.'
Time of India
08-05-2025
- Business
- Time of India
Vedantu turns profitable in Q4 FY25 with record collections: CEO Vamsi Krishna
Bengaluru-based edtech startup Vedantu achieved profitability in the quarter ended March 2025, with collections rising 67% year-on-year to Rs 90 crore, cofounder and CEO Vamsi Krishna announced on Thursday. #Operation Sindoor Live Updates| From Sindoor to showdown? Track Indo-Pak conflict as it unfolds India hits Lahore's Air Defence Radars in proportionate response Pakistan tried to hit military targets in these 15 Indian cities, New Delhi thwarts strikes 'Q4 (January–March 2025) was our strongest quarter ever. We hit Rs 90 crore in collections—a 67% YoY growth—and became profitable, generating over Rs 6 crore in free cash flow (FCF). This wasn't even our peak quarter, which puts us on a clear trajectory for a cash flow-positive FY26,' Krishna wrote in a LinkedIn post. According to Krishna, Vedantu ended FY25 with Rs 284 crore in collections, marking a 55% increase from the previous year, while also reducing its cash burn by 30% to Rs 70 crore. Founded in 2011 by Krishna, Anand Prakash, Saurabh Saxena, and Pulkit Jain, the K12 edtech firm became a unicorn in September 2021 after raising $100 million in a funding round led by Temasek-backed impact investing fund ABC World Asia. In FY24, Vedantu's operating revenue rose by 21% to Rs 185 crore, while its net loss fell by 58% to Rs 157 crore. The company has not yet filed its FY25 financial statements with the Registrar of Companies (RoC). Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Vedantu's online business grew 33% in FY25, with growth accelerating to 70% year-on-year in the last two quarters. Initially launched as an online education platform, Vedantu has since expanded by opening multiple offline coaching centres. Vedantu's quarterly profitability comes after a period of significant challenges. In FY22, the company reported a net loss of Rs 696.3 crore, a 13% increase from the previous year. Total expenses during this period rose by 19% to Rs 890.9 crore, with employee benefit expenses increasing by 20% to Rs 489.3 crore. To manage costs, Vedantu underwent multiple rounds of layoffs in 2022. Several edtech companies have shifted to offline models after experiencing a slowdown in online operations following the Covid-driven surge. Krishna acknowledged that the edtech sector, particularly K12, has faced challenges post-Covid but believes the negative outlook is exaggerated. In January, ET reported that this year could prove crucial for the sector as it aims to recover from the fallout of Byju's implosion by adopting sustainable business practices and focusing on delivering tangible results. Funding in the edtech sector nearly tripled to $608 million in 2024 from $207 million in the previous year, according to data from Venture Intelligence. However, this was still significantly lower than the $2.1 billion raised in 2022.
Hans India
05-05-2025
- Business
- Hans India
Vedantu launches learning centre in Tirupati
Tirupati: Vedantu, one of India's leading education platforms, has inaugurated its latest Vedantu Learning Centre (VLC) in New Maruthi Nagar, Tirupati on Sunday furthering its mission to make quality education more accessible and affordable for students across the country. The launch holds special significance for Vedantu's Co-founder and CEO, Vamsi Krishna, who hails from Tirupati. 'Our Learning Centres are designed to unlock potential and serve as launchpads for students' dreams,' said Vamsi Krishna. The VLC model offers 100% offline classroom learning enhanced by tech-driven tools, expert mentorship, and a personalised academic support system. With tailored features like daily practice problems, regular testing, and the Vedantu Parent App, the centres aim to deliver impactful preparation for JEE, NEET, and State Board exams. To celebrate the launch, Vedantu hosted a 'Vidya Yatra' event at Kachchapi Auditorium, featuring talks by top educators, insights on syllabus changes, and student felicitation ceremonies.
