May 8, 2015: Bangalore based Educational technology player and provider of live online tutoring -- Vedantu -- has attracted an investment of $ 5 million from Accel Partners and Tiger Global Management.
Vedantu is a live online tutoring platform which uses technology to bring together teachers and students providing live online tutoring sessions for students from grade 6 to 12.
Vedantu`s focus is on live online 1-to-1 tutoring between a teacher and a student which is its key differentiator from other traditional online education sites that focus on recorded content and tests. This is the second venture of these four IITians: Vamsi Krishna, Pulkit Jain, Saurabh Saxena & Anand Prakash. Their first venture, Lakshya, also in the education field, was started in 2006. At Lakshya, in their role as teachers, the founders taught and interacted with more than 10,000 students. Lakshya was acquired by a listed company, MTEducare in 2012.
“We see huge potential for personalized online live tutoring in India. We know the Vedantu founders for a few years now and very impressed with their domain expertise in education combined with strong technology skills. We believe in the founding team’s vision to positively impact millions of young minds with personalized online live tutoring and excited to partner with them on this journey,” said Anand Daniel, Partner, Accel Partners.
“Vedantu is the early innovator in online tutoring and believe its LIVE online platform is uniquely positioned to become the leading, trusted provider of online tutoring services to the more than 250 million K-12 students in India. We were impressed with the quality of the team and their vision to raise industry standards and make learning more personalized for students across the country,” said Lee Fixel, Partner, Tiger Global Management.
"Vedantu`s medium being online gives us an ability to source the best teachers from across the country for our students. Our technology simulates a live session across the desk interaction between a teacher and a student giving them an experience as if they were sitting across each other. Being an online platform gives the convenience to both teacher and student to teach and learn from their own different locations across India thus breaking down demographic barriers," said CEO & Co Founder, Vamsi Krishna.
See Vishnu Anand's report on the core Vedantu offering in the e-learning section of this portal.