Vedantu planning to go public in 18-24 months

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Vedantu planning to go public in 18-24 months
01 Apr 2022
6 min read

News Synopsis

On Thursday, Edtech startup Vedantu announced that it is planning to be "IPO-ready" in 18-24 months. It also informed that the Current Indian market situation is appropriate for it. The company further told with COVID-19 cases declining and offline learning modes opening up, the blazing pace of growth in online learning has sobered a bit, but the market is still giving good results and robust growth numbers. According to the startup, around 90-95 percent of the market is still unpenetrated and offers massive scope for edtech players to expand. CEO and co-founder of Vedantu, Vamsi Krishna said: "Within the time frame of 18-24 months we want to be IPO-ready, which means the shape of our P&L (Profit and Loss), our systems and associated processes, we want to be robust and mature in those. Even before COVID, our growth rates were pretty strong, not as strong as during COVID times... but 2-2.5 times is still strong growth. What COVID did was that it accelerated that growth. With cases receding, the acceleration will go back and normalcy will come, which is over 2-2.5 times.” Yesterday, it also launched an interactive and engaging classroom- WAVE 2.0

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