29 September 2021, Singapore – Singapore-based Asia impact investor ABC World Asia today announced that it has led a US$100 million Series E funding round into Vedantu, India’s largest LIVE online tutoring company. The transaction is expected to close in the next few weeks.
Sugandhi Matta, Chief Impact Officer, ABC World Asia, said, “Vedantu embodies our investment theme of better access to quality education. In India, online education has the potential to create positive impact at scale. Using innovative technology to deliver real-time educational content to students around the country in a wide-ranging and engaging manner, Vedantu is contributing to better educational outcomes that can lead to improved lives and livelihoods.”
Vamsi Krishna, CEO and Co-Founder, Vedantu, said, “Vedantu is leading the way in innovative online delivery experiences as we focus on our vision to unleash the potential in every child. With the support of ABC World Asia and our other investors, we will continue to innovate to reach as many students as possible and create better experiences and outcomes for every child.”
Vedantu was the first company to offer LIVE online classes in India in 2014. Since then, it has been a pioneer in the space with notable innovations such as WAVE, its proprietary LIVE teaching platform, and the 2-teacher model; some of the company’s innovations have been granted patents in the U.S.
This is ABC World Asia’s second investment in India this year. In January, the impact fund led an investment into Cropin, an agri-tech organisation working on solutions in sustainable food and agriculture. The fund has a growing portfolio that includes companies in Singapore, China, Vietnam, India, and Australia, working to address challenges such as climate change, food scarcity, access to healthcare and education, and financial inclusion.
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About ABC World Asia
ABC World Asia is a Singapore-headquartered and Asia-focused private equity fund dedicated to impact investing. We invest in companies that drive positive change by addressing the world’s most pressing challenges such as climate change, resource scarcity, and deepening inequality. Our investment themes include financial and digital inclusion, better health and education, climate and water solutions, sustainable food and agriculture, and smart and liveable cities.
We believe that investing with an impact lens demonstrates the positive power of private capital and can help to foster more innovative and resilient companies that deliver societal and environmental benefits. We are a disciplined investor with a rigorous and evidence-based impact assessment approach that aims to generate positive and measurable social or environmental outcomes, alongside a compelling risk-adjusted return for our investors.
Our investment themes are aligned with the ABC Framework for an Active Economy, a Beautiful Society, and a Clean Earth. The ABC Framework was established by Singapore investment company Temasek and builds on the ideals of the 17 Sustainable Development Goals set by the United Nations.
Our inaugural S$405 million fund includes investors such as Temasek Trust, Temasek, Pavilion Capital, Mapletree Investments, Seatown Holdings, Sembcorp Industries, and Singapore Power.
About Vedantu
Vedantu, a pioneer in LIVE online learning in India. It offers individual and group classes across K-12 and test preparation segments. Students can take individual or group classes on its app or website online. Classes are delivered in a LIVE Real-time, interactive ONLINE learning environment. Students & parents can access free content, LIVE masterclasses across subjects, micro-courses, and daily assessments. 1 million+ students study LIVE every month on the platform and more than 40 million users every month from 10,000+ cities and 50+ countries access free content, tests, doubts, videos on Vedantu’s platform, and its channels on YouTube. To know more about Vedantu, log on to https://www.vedantu.com or download the application on your Android or iOS devices.