Edtech unicorn Vedantu has acquired a majority stake in Deeksha (Ace Creative Learning) at a deal size of $40 million. Deeksha, a test preparation platform for board and competitive exam coaching for kids in grades 9 through 12, was established in Karnataka in 1998. With 39 locations, it is present in three states: Telangana, Andhra … Read more
Vedantu, the edtech behemoth, has laid off 200 people. This news comes nearly seven months after the Tiger Global-backed firm joined the unicorn club. With this statement, the Bengaluru-based company joins over a half-dozen other growth-stage startups that have lately let off a major portion of its personnel. While Vedantu claims it is part of … Read more
Nikhil Rungta has been appointed as Chief Growth Officer of Vedantu. Rungta will report directly to Vamsi Krishna, CEO and Co-Founder, and will be in charge of growing and driving growth across all business divisions. Brand, social, and digital marketing, strategic partnerships, public relations, and YouTube will all be part of his remit. Rungta will … Read more
Vedantu, a pioneer in LIVE online learning, today announced the appointment of Pankaj Jain as Chief Financial Officer. In his new role, Pankaj will orchestrate and execute Vedantu’s business finance in order to take the company to new heights. At Vedantu, his key responsibility will be to build and manage a diverse team while ensuring … Read more
On Monday, December 6, upGrad, a leading online higher education provider, announced the acquisition of Gurugram-based edtech rival Talentedge. The acquisition is estimated to be worth between Rs 350 and Rs 400 crore, according to reputable sources. Talentedge, the fourth largest online education provider, expects to generate over Rs 130 crore in revenue this year … Read more
Vedantu, a pioneer in LIVE online learning, announced today a $3 million ESOPS liquidity initiative for all qualifying employees. The founders will not be part of the repurchase, but top executives and qualifying active employees who have completed the vesting term will be able to sell their ESOP shares. Vedantu launched a $100 million Series … Read more
