Latest news with #VamsiKrishna
Time of India
08-05-2025
- Business
- Time of India
Vedantu turns profitable in Q4 FY25 with record collections: CEO Vamsi Krishna
Bengaluru-based edtech startup Vedantu achieved profitability in the quarter ended March 2025, with collections rising 67% year-on-year to Rs 90 crore, cofounder and CEO Vamsi Krishna announced on Thursday. #Operation Sindoor Live Updates| From Sindoor to showdown? Track Indo-Pak conflict as it unfolds India hits Lahore's Air Defence Radars in proportionate response Pakistan tried to hit military targets in these 15 Indian cities, New Delhi thwarts strikes 'Q4 (January–March 2025) was our strongest quarter ever. We hit Rs 90 crore in collections—a 67% YoY growth—and became profitable, generating over Rs 6 crore in free cash flow (FCF). This wasn't even our peak quarter, which puts us on a clear trajectory for a cash flow-positive FY26,' Krishna wrote in a LinkedIn post. According to Krishna, Vedantu ended FY25 with Rs 284 crore in collections, marking a 55% increase from the previous year, while also reducing its cash burn by 30% to Rs 70 crore. Founded in 2011 by Krishna, Anand Prakash, Saurabh Saxena, and Pulkit Jain, the K12 edtech firm became a unicorn in September 2021 after raising $100 million in a funding round led by Temasek-backed impact investing fund ABC World Asia. In FY24, Vedantu's operating revenue rose by 21% to Rs 185 crore, while its net loss fell by 58% to Rs 157 crore. The company has not yet filed its FY25 financial statements with the Registrar of Companies (RoC). Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Vedantu's online business grew 33% in FY25, with growth accelerating to 70% year-on-year in the last two quarters. Initially launched as an online education platform, Vedantu has since expanded by opening multiple offline coaching centres. Vedantu's quarterly profitability comes after a period of significant challenges. In FY22, the company reported a net loss of Rs 696.3 crore, a 13% increase from the previous year. Total expenses during this period rose by 19% to Rs 890.9 crore, with employee benefit expenses increasing by 20% to Rs 489.3 crore. To manage costs, Vedantu underwent multiple rounds of layoffs in 2022. Several edtech companies have shifted to offline models after experiencing a slowdown in online operations following the Covid-driven surge. Krishna acknowledged that the edtech sector, particularly K12, has faced challenges post-Covid but believes the negative outlook is exaggerated. In January, ET reported that this year could prove crucial for the sector as it aims to recover from the fallout of Byju's implosion by adopting sustainable business practices and focusing on delivering tangible results. Funding in the edtech sector nearly tripled to $608 million in 2024 from $207 million in the previous year, according to data from Venture Intelligence. However, this was still significantly lower than the $2.1 billion raised in 2022.
Hans India
05-05-2025
- Business
- Hans India
Vedantu launches learning centre in Tirupati
Tirupati: Vedantu, one of India's leading education platforms, has inaugurated its latest Vedantu Learning Centre (VLC) in New Maruthi Nagar, Tirupati on Sunday furthering its mission to make quality education more accessible and affordable for students across the country. The launch holds special significance for Vedantu's Co-founder and CEO, Vamsi Krishna, who hails from Tirupati. 'Our Learning Centres are designed to unlock potential and serve as launchpads for students' dreams,' said Vamsi Krishna. The VLC model offers 100% offline classroom learning enhanced by tech-driven tools, expert mentorship, and a personalised academic support system. With tailored features like daily practice problems, regular testing, and the Vedantu Parent App, the centres aim to deliver impactful preparation for JEE, NEET, and State Board exams. To celebrate the launch, Vedantu hosted a 'Vidya Yatra' event at Kachchapi Auditorium, featuring talks by top educators, insights on syllabus changes, and student felicitation ceremonies.
Hans India
23-04-2025
- Politics
- Hans India
Four youth earn freedom from captivity in Bangkok
Hyderabad: Youth from Telangana who were held hostage in a cyber fraud cafe in Myanmar and forced to work as cyber labourers with the promise of a good job in Bangkok have now been released. Three young men are from Telangana, and one is from Andhra Pradesh. Following orders from Union Home Minister Amit Shah, Union Minister Bandi Sanjay Kumar took special measures to bring them back to India. Details of the incident reveal that all four were misled by a broker who promised them a lucrative job in Bangkok with a handsome salary. Rakesh Reddy, a victim from Koheda in Hayatnagar mandal, Rangareddy district, shared his story: 'A person named Yash Nath Goud, who lives in our area, promised me a good job in Bangkok, and I believed him. He took me to Vamsi Krishna, the broker's agent (team leader) in Jagityal. Vamsi Krishna interviewed me and claimed the job was 200 km away from Bangkok. Once I arrived, I was assigned to work 16 hours a day in cybercrime. If I refused to work, they would deny me food. I endured five months of this treatment but eventually resisted. As a result, the Chinese authorities confiscated my passport and subjected us to torture without providing food. When I refused to comply, they informed the army that we had entered the country illegally, and we were subsequently arrested.' Rakesh Reddy mentioned that he recently learned Union Minister of State for Home Affairs Bandi Sanjay had helped bring hundreds of victims back from Myanmar. 'When my father, Yadi Reddy, wrote a letter to Bandi Sanjay, he promptly responded and contacted the Ministry of External Affairs, taking all necessary steps to ensure our return.
