Online tutoring startup Vedantu has raised $11 million in its Series B round of funding led by Omidyar Network. The Bengaluru-based startup also saw the participation of its existing investor Accel Partners in the round.
The fresh capital comes after a long gap of three and a half years. In 2015, Accel and Tiger Global Management had infused $5 million Series A round in it.
Besides ramping up technology, the fresh funds will be deployed to expand in tier II, tier III cities. The startup also plans to enter exams categories like GMAT and GRE. Current it provides tutoring to 6th to 12th-grade.
A brainchild of Vamsi Krishna, Pulkit Jain, Saurabh Saxena, and Anand Prakash, Vedantu enables live learning session between teachers and…