China's TAL Education Group backs live-tutoring start-up Vedantu

The Indian education market is expected to almost double to $180 billion by 2020 from $100 billion in 2016

Company News: Beijing-based TAL Education Group, an instruction and innovation undertaking, has contributed $5 million (near Rs 35 crore) in Vedantu, a live internet coaching organization.
The Bengaluru-based firm uncovered that the venture (by TAL Education Group) was a piece of the $11-million round that Vedantu brought last November up in a Series B subsidizing, which was driven by Omidyar Network with interest from Accel. Vedantu is the primary Indian instruction organization that TAL has put resources into.
"India is a tremendous market and we are amped up for its potential," said Luo Rong, CFO, TAL Education Group.Read More

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