Earlier this week, edtech startup Vedantu acquired Instasolv to boost its doubt-clearance capabilities and increase its presence in tier-II and tier-III markets.
Bengaluru based Vedantu is riding the edtech wave induced by the Covid-19 pandemic. The platform, which claims to have over 25 million monthly users across 1,000 cities around the world, raised $100 million in a growth round in July 2020. The investment came some three months after the platform secured $13 million in an extended Series C round from Chinese venture capital firm Legend Capital, existing investor Omidyar Network and others.
Operated by Vedantu Innovations, the company was co-founded by Vamsi Krishna, Anand Prakash, Saurabh Saxena and Pulkit Jain in 2011.
In an interview with TechCircle, Krishna, CEO and co-founder of Vedantu spoke about the company’s performance last year, consolidation in the sector, strategies and plans for 2021.
Krishna is an alumnus of IIT Bombay and prior to founding Vedantu, he co-founded Lakshya Institute – an educational enterprise.