Vedantu, an online tutoring firm, has received $11 million funding from its existing investors through a convertible equity round, the company said in an official statement today, September 26. The round saw participation from ABC World Asia, Accel India and Omidyar Network India.

The fresh funding is a part of a larger ongoing fundraise, Vedantu said.

The edtech company plans to utilise the funding towards category expansion, both organic and inorganic, alongside investments in technology, AI and adaptive content to improve personalization and learning outcomes.

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Started in 2011, Vedantu became a unicorn after raising $100 million funding in 2021 in a Series E round by ABC World Asia. The company is planning to raise $1500-$200 million through IPO

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