With this Vendatu has entered the coveted unicorn club, which consists of companies that are valued over US$1 billion. The Bangalore-based startup is the fifth Indian ed-tech unicorn after Byju’s, Unacademy, upGrad and Eruditus.
Impact investor ABC World Asia – which is backed by Temasek Holdings and several other blue chips – is leading a US$100 million ($135.81 million) Series E funding round into ed-tech company Vedantu.
Other investors participating in this round include Tiger Global Management, Coatue Management and GGV Capital.
