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Indian edtech battle heats up as Vedantu joins unicorn club

CEO aims for 'at minimum' double revenue growth despite COVID cooldown

Indian edtech startup Vedantu, which has 200,000 paying users, experienced a 4.5-fold revenue increase last year. (Screenshot from Vedantu Youtube)

TOKYO -- India's online education startup Vedantu is aiming to double its revenue even as the boost the company received from pandemic-related restrictions fades, its CEO told Nikkei Asia.

The aggressive expansion strategy comes after the company joined the country's club of unicorns -- private companies worth $1 billion or more -- in September following a $100 million funding round led by an investment fund affiliated with Singapore's Temasek Holdings. Indian edtech giants are emerging at a time when their Chinese peers have seen their valuations plunge after Beijing tightened industry rules in August.

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