Vedantu income nears Rs 200 Cr in FY24; losses cut by 58%

Vedantu income nears Rs 200 Cr in FY24; losses cut by 58%

After a slight decline in operating scale in FY23, edtech unicorn Vedantu reported a 21% year-on-year revenue growth for the fiscal year ending March 2024. Significantly, the Bengaluru-based company reduced its losses by 58% during the same period. Vedantu’s revenue from operations grew to Rs 185 crore in the last fiscal year from Rs 153 crore in FY23, its consolidated financial statements sourced from the Registrar of Companies show. Vedantu’s…

Vedantu Boosts Revenue by 20.9% in FY24 Edtech Market

Vedantu is an edtech platform that provides live classes for grades 6 to 12 and competitive exam preparations with study materials. This online learning platform announced a 20.9 percent increase in operating revenue to Rs 185 crore in FY24. The startup provides a personalized tutoring platform with two-way interaction for exams like JEE and school curriculum. These online tutoring and book sales are the company’s primary source of revenue. The …