BENGALURU: Education technology platform
Vedantu has raised Rs 96 crore (about $12.5 million) as part of its Series-C1 round, led by Chinese venture capital firm Legend Capital, with participation from
Omidyar’s Ohana Holdings.
The investment follows a $42-million fund infusion led by Tiger Global Management in August last year, followed by a $24-million round from
GGV Capital in February this year.
Both investments were part of Vedantu’s Series-C round. Regulatory filings revealed that Vedantu issued 7,75,145 Series C1 Compulsorily Convertible Preference Shares at an issue price of Rs 1,239.36 per share on March 26.