The TAL Education-backed online tutoring platform developer achieved unicorn status with a round hiking its overall funding to about $295m.

Vedantu, an India-based online tutoring service backed by educational services provider TAL Education, has raised $100m in funding, pushing its valuation to $1bn, The Economic Times reported yesterday.

ABC World Asia, an impact investment fund backed by engineering services provider Sembcorp, energy distributor SP Group and Singaporean state-owned investment firm Temasek, led the round. Coatue Management, Tiger Global Management, WestBridge Capital and GGV Capital also participated.

More investors are expected to come onboard as the round has yet to close,…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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