Edtech startup Vedantu raises $11 million from existing investor Accel, others

Bengaluru-based edtech startup Vedantu on Friday said that it has raised $11 million from its existing investors including Accel, Temasek-backed impact investing fund ABC World Asia, and Omidyar Network as part of an ongoing larger round.

The company plans to deploy the funds to expand into new categories through both organic and inorganic growth, while also investing in technology, artificial intelligence, and adaptive content.

Vedantu is also in advanced talks with new investors to raise additional funds, including a secondary sale that will allow…