Amazon Quiz: After raising $100 million in a recent funding round which edtech platform became In...?
Amazon Quiz (November 6, 2021): After raising $100 million in a recent funding round which edtech platform became India's 28th unicorn of 2021?
The options are:
Vedanta became the 28th startup to achieve unicorn status in 2021, making it the fifth such edtech firm in India. The online tutoring platform raised $100 million in its Series E round, led by Singapore based impact investing fund ABC World Asia, in September 2021, which also saw strong participation from existing investors Coatue, Tiger Global, GGV Capital, Westbridge, among others. At the time of the funding, over 35 million users were accessing Vedantu through its app and web for free every month.
The Bengaluru-based edtech firm was valued at $1 billion in the latest round of funding. Vamsi Krishna, chief executive officer and co-founder of Vedantu, said the firm was eyeing an initial public offering (IPO) by 2024. Krishna, an alumnus of IIT-Bombay, has been a teacher for over 10 years.