Bengaluru-based edtech startup Vedantu secures Rs 9.42 crore debt

Vedantu, an online tutoring startup, has raised Rs 9.42 crore in debt and preference funding from Trifecta Capital. This round is likely to value the company at around $100 million.

In April, the Bengaluru-based startup had raised Rs 8 crore in April. In addition to this, it raised Rs 1.4 crore in Series B in the months of May and June.

Founded by Vamsi Krishna, Pulkit Jain, and Anand Prakash in 2014, Vedantu enables students to learn through personalised teaching courses. The company uses artificial intelligence (AI), machine learning (ML) and big data to refine its personalised teaching model.

Vedantu claims to have over one-million hours of live teaching every month, catering to 40,000 students. Currently, the startup is operational in 80 cities in India as it tutors students from 6th to 12th grade,

The firm also has courses for students preparing for engineering and medical entrance examinations. It is planning to foray into the exams categories such as GMAT and GRE.