Determined to reverse its also-ran status, the edtech startup has embarked on course correction. Will it manage to stay in the race?
Vamsi Krishna sends his investors regular updates on the business. Earlier this month, one of those reports got leaked, and lit a fire under edtech reporters. For good reason.
Vedantu, Krishna’s edtech venture, had doubled its scale in the two months to May, clocking a cash collection run rate of nearly $60 million as of last month, and a month-on-month growth of just under 50%. (Cash collection is the money collected through bookings in any particular month plus pending collections from previous months. It is a far better measure of business than bookings simply because it takes into account cancellations.) …
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