Vedantu

EdtechIndia
✂️ Markdown
  1. 🦄
    Became a unicorn
    2021
  2. 📈
    Peak valuation
    $1 Billion21
  3. 💔
    Became a Unitard
    2024
  4. 💸
    Last valuation
Current status
Dropped off unicorn lists by 2024 after mass layoffs and a multi-year funding drought; raised only ~$2.3M in 2024

How it happened

Vedantu was a prominent Indian online-tutoring startup offering live classes for school students, crossing the $1B mark in a September 2021 Series E led by Tiger Global and Coatue at the pandemic edtech boom's height. As classrooms reopened and edtech funding collapsed, it cut more than 1,100 jobs, raised only a tiny ~$2.3M round in 2024 after three dry years, and was dropped from unicorn lists in early 2024. Employee reviews trace the squeeze from inside: staff described layoff rounds arriving almost yearly, appraisals shrinking toward zero, and six-day weeks of target-driven, 12-hour calling shifts, even as reviewers across roles noted salaries still landed on time.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.

Source: Inc42 / ION Analytics / Entrackr (online live-tutoring startup; reached a $1B unicorn valuation in a Sept 2021 Series E led by Tiger Global and Coatue; cut over 1,100 jobs in 2022, struggled to raise, and was removed from unicorn lists in January 2024 as its implied valuation fell well below $1B; raised just ~$2.3M of debt-equity in 2024)

More from the club

🦄