Vedantu: Difference between revisions
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{{Infobox company |
{{Infobox company |
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|name = Vedantu |
|name = Vedantu |
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|logo = [[File:Vedantu - Live Online Tutoring Logo 250x125.png|250px|center]] |
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|type = [[Private company|Private]] |
|type = [[Private company|Private]] |
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|founders = Vamsi Krishna, Pulkit Jain, Saurabh Saxena and Anand Prakash |
|founders = Vamsi Krishna, Pulkit Jain, Saurabh Saxena and Anand Prakash |
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Revision as of 07:00, 26 August 2015
| Company type | Private |
|---|---|
| Industry | Education |
| Founded | 13 April 2014  |
| Founders | Vamsi Krishna, Pulkit Jain, Saurabh Saxena and Anand Prakash |
| Headquarters | Bangalore, Karnataka , India |
Area served | India |
| Website | Vedantu.com |
History
Incorporated in 2011, Bangalore-based Vedantu Innovation Ltd[1] is an online tutoring platform launched in October 2014 for public. The company’s name Vedantu is said to be derived from Sanskrit words Veda-knowledge and Tantu-network. The organization is run by four Friends from Indian Institutes of Technology (IITs) – Vamsi Krishna (Co-Founder, CEO), Pulkit Jain (Co-Founder, Head Product), Saurabh Saxena(Co-Founder, Head Academics) and Anand Prakash (Co-Founder).[2] Vedantu is their second venture after Lakshya, a test preparation coaching company.[3] Lakshya was acquired by a public listed company, MTEducare[4] in the year 2012.
Vedantu is said to operate on a marketplace model for teachers, where students can browse, discover and choose to learn from an online tutor of their choice.[5][6]
The company uses a real-time virtual learning environment named WAVE (Whiteboard Audio Video Environment), a technology built in-house, which powers the teaching-learning platform.[7] Vedantu provides online live tuitions for students in class 6th to 12th for Indian Certificate of Secondary Education (ICSE) & Central Board of Secondary Education (CBSE) curriculum throughout India. Currently the company is into live online tutoring in science (Physics, Chemistry, Biology) and Mathematics. It also claims to provide test preparation courses for Indian Institute of Technology Joint Entrance Examination (IIT JEE) Foundation, National Talent Search Examination (NTSE) and Problem Solving Assessment (PSA).[8]
Funding
The firm has raised its first round of funding after six months of current operational format. It has raised $5 million from Accel Partners and Tiger Global Management in its Series A funding.[9]
Vedantu plans to utilize the funding in developing technology solutions for tablets and mobile with scalability which can run hundreds of live learning sessions concurrently.[10]
References
- ^ https://www.crunchbase.com/organization/vedantu-innovations
- ^ https://www.techinasia.com/india-vedantu-raises-fresh-funding/
- ^ http://www.livemint.com/Money/4tKsLXEVMDtyHpBJWRNACO/For-IIT-aspirants-coaching-by-IITians-is-at-hand.html
- ^ http://www.moneycontrol.com/india/stockpricequote/computers-software-training/mteducare/ME14
- ^ http://www.business-standard.com/article/companies/vedantu-raises-5-mn-from-accel-partners-tiger-global-115050700718_1.html
- ^ http://timesofindia.indiatimes.com/tech/tech-news/Why-edtech-startups-will-be-the-next-to-top-the-class/articleshow/48384931.cms
- ^ http://thetechportal.in/2015/05/07/vedantu-series-a/
- ^ http://tech.economictimes.indiatimes.com/news/startups/vedantu-5-million-funding/47187315
- ^ http://www.thehindu.com/todays-paper/tp-business/micromax-to-invest-400-m-to-pick-up-stake-in-20-startups/article7182468.ece
- ^ http://www.livemint.com/Companies/Bd95CKooByYVTbNlLreRII/Tiger-Global-enters-invests-in-Vedantu.html