Vedantu raises $11 Mn from internal investors in ongoing round

Edtech company Vedantu has raised $11 million in fresh funding from internal investors as part of a larger ongoing round led by ABC World Asia with participation from Accel India and Omidyar. 

The round is structured as a convertible one and also includes discussions for a secondary component aimed at providing exits to some early investors including Chinese and legacy shareholders.

The new funds will be used for category expansion through both organic and inorganic opportunities along with investments in technology, artificial intelligence and…