Announcing on Thursday that it expects to be “IPO-ready” in 18-24 months, Vedantu is optimistic about the Indian market’s potential for development. With COVID-19 cases fading and offline learning modalities emerging, the explosive expansion of online learning has slowed, but the industry is still growing rapidly.
According to the corporation, 90-95 percent of the industry is untapped, leaving a huge room for educational technology growth. Vedantu says it is currently supported and will not need more money for the next two years.
Last year, it received USD 100 million from a slew of investors, joining the coveted unicorn club. Vedantu intends to be IPO-ready in 18-24 months, “Vamsi Krishna, CEO and co-founder of Vedantu, said in a virtual briefing.
Regarding the IPO, Krishna said that “everything looks to be on track” for an 18–24-month schedule. During the epidemic, Vedantu’s key metrics grew “12 times.” Post-COVID, the corporation forecasts “hyper expansion”.
That was before COVID, but 2–2.5 times faster than before COVID. COVID enhanced that expansion. With fewer instances, the acceleration slows, and normality returns, “he stated. WAVE 2.0, an interactive and engaging classroom, was unveiled at Vtopia on Thursday.
“The proprietary technology will revolutionise learning and performance recognition. A business release stated that the WAVE 2.0 learning platform aims to inspire every kid, make great education accessible, and have a large effect in India.
Vedantu provides K-12 and exam prep sessions individually and in groups. Classes are available on the app and website. Online classes are provided in real time.
Published by – Kiruthiga K
Edited by – Kritika Kashyap
