‘Vedantu planning a fundraise; not up for sale’: Founder and CEO Vamsi Krishna

Vedantu is not up for sale, said co-founder and chief executive officer (CEO) Vamsi Krishna on a day that news website Entrackr reported the live tutoring startup was in talks with the edtech unicorn Byju’s for up to $800 million. Krishna said the company instead plans to announce a new fundraise this month. However, multiple persons told Mint on condition of anonymity that Byju’s did reach out to Vedantu last year and that the company plans to raise $100 million at a valuation of $1 billion. Edited excerpts from an interview with Krishna:

There are strong rumours about Vedantu being acquired by Byju’s. We would like your version.