New Delhi, June 17 -- K-12 online tutoring unicorn Vedantu is in talks to raise $10-15 million in a convertible equity round from its existing investors, two people with direct knowledge of the discussions told Mint.

The company is looking to shore up capital as it chases full-year profitability and offline growth ahead of an initial public offering (IPO) over the next two years.

This comes at a time when new investments in edtech startups have slowed significantly, with founders and investors increasingly at odds over the valuation benchmarks set during the boom years of online learning in 2020-21.

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"There continues to be a mismatch in valuation, so the compan...