India, Sept. 26 -- Edtech unicorn Vedantu has raised $11 Mn (INR nearly INR 100 Cr) as part of an ongoing funding round from existing backers. The company did not disclose the name of the investors participating in the round.

In a statement, the company said that the fresh funds will be deployed to expand into new categories, both organic and inorganic opportunities. A chunk of the capital will also be invested in AI, technology and adaptive content to enhance personalisation.

The edtech startup said that the company is also in discussions with external investors to raise additional capital, and offer exits to existing Chinese and legacy shareholders via a secondary deal.

Meanwhile, the company is also gearing up to list on the exchang...