New Delhi, March 17 -- Bengaluru-based edtech startup Vedantu is setting its sights on an initial public offering (IPO) as it edges closer to profitability, following a year of steady offline expansion.

The company is eyeing a $150-200 million public debut between late 2026 and 2027 to provide early investors with an exit and raise capital for growth, co-founder and CEO Vamsi Krishna said.

"The moment we become profitable, an IPO becomes relevant for us, but we would want to go for an initial offering with at least Rs.500 crore revenue threshold," Krishna said.

The company's consolidated operating revenue rose 21% year-on-year to Rs.184 crore in FY24, while it reduced its losses by about 58% to Rs.157 crore during this period.

Vedantu...