14: Hans Tung of GGV Capital on choosing Vedantu over Byju's- Part 3

Mint Startup Diaries

Education may be forever changed after the coronavirus. Globally, over 1.2 billion children are out of the classroom. Education has changed dramatically, whereby teaching is undertaken remotely and on digital platforms. In terms of positive, experts posit that it will see more tutoring, adaptive methods of learning but there are also negatives such as pandemic is exaggerating the socio-economic divide. There has been an equal amount of excitement from investors too. Just last week, homegrown interactive online tutoring platform Vedantu raised $100 million, as part of its Series D round, also doubling its valuation to $600 million. Backed by Tiger Global, Accel, GGV Capital, and others, Vedantu’s core strength is conducting live tutoring. In this latest dispatch of Mint startup diaries, we speak with not only the co-founder Vamsi Krishna from Vedantu but also one with one of their early backers- Hans Tung, Managing Partner at GGV Capital. Tung ranks high in the 2020 Midas List; his unicorn stable includes Slack, Peloton, shopping app Wish, online marketplace StockX, fintech company Affirm, scooter company Lime, and a host of others from Airbnb to OfferUp. Tune in to the interview to know more.