TutorVista raises $19 million from Pearson, LightSpeed, Manipal Group

Bangalore-based online tutoring company TutorVista.com, which has raised $19 million in third round funding from Pearson, LightSpeed and Manipal Group, is now gearing up for an aggressive global expansion and acquisition-led growth for the company.

TutorVista recently raised $12.5 million from the UK-based publishing giant Pearson Group and another $6.5 million from the existing investors LightSpeed Venture Partners and Manipal Education and Medical Group.

Launched in 2005, TutorVista.com has so far raised a total of $38 million. Its initial capital came from Sequoia Capital, while the second round of $18 million was led by LightSpeed Venture, and joined by Silicon Valley Bank and Manipal Group. [Source: VC Circle]