In the latest dealmaking news, online tutoring startup Vedantu has raised $11 million, while London-based investor Sandbox & Co. has acquired Constructive Media, a provider of educational games.
Vedantu Raises $11 Million: Online tutoring startup Vedantu has raised $11 million in its Series B round of funding led by Omidyar Network, with its existing investor Accel Partners also participating in the round.
The funds will be used to expand in tier II and tier III cities in India, as well as adding more content to its platform. Currently, the India-based startup Vedantu provides tutoring to students in 6th through 12th grade. It plans to start tutoring for graduate admission exams like GMAT and GRE.
The company says the money will also…