How Vedantu became a billion dollar company?

If you don't know already Vedantu is an online tutoring platform where teachers provide school tuitions to students over the internet. During this pandemic, they raised $100 Million in series D funding with this the startup became a $600 Million company.

Vedantu said that they have seen a growth of 200% during this lockdown which impressed the investor and led them to invest in the company. Their biggest rivals are Byju's which has a valuation of $10.5 Billion and Unacademy which as a valuation of $1.5 Billion. India Online Learning Market has a valuation of $6 Billion which is only gonna increase as this pandemic is going. Vedantu is still a new company and had few issues regarding privacy breaches which it had in 2019. Currently, Vedantu and Byju are not listed in the stock market but if they did there valuation is gonna touch the sky.