According to people familiar with the matter, Vedantu is exploring the possibility of raising an additional USD 20 to 25 million over the next five to six months.

Investors are becoming more bullish on online education platforms in India as startups demonstrate growth at the height of a global pandemic that has severely impacted other industries.

Vedantu has secured $11 million through convertible notes led by ABC World Asia, with participation from Accel India and Omidyar Network. The funds will fuel expansion into new categories, technology ...