Classplus is now among the highest valued edtech startups outside of the unicorn club

• Classplus is among the highest valued Indian edtech startups outside of the unicorn club.
• The edtech startup on Tuesday announced its $70 million funding round co-led by Alpha Wave Global and Tiger Global.
• It is a mobile-first SaaS platform that allows educators and content creators to build their online presence.
• The company claims to have more than 100,000 educators and content creators from over 3,000 towns and cities.

Classplus — a company that helps educators and content creators launch online classes — is now valued at $600 million. The edtech startup on Tuesday announced its $70 million funding round co-led by Alpha Wave Global and Tiger Global.

With this, Classplus is among the highest valued Indian edtech startups outside of the unicorn club. A unicorn is a private company valued at or over a billion dollars.
Source: Company Announcements

Abu Dhabi-based Chimera Ventures also joined Classplus’ Series D round, along with existing investor RTP Global. The company plans to use this capital to enhance its product and further expand its global presence.

“We’ll be deploying the freshly infused funds to take our product up by notches and expand our presence globally. Going forward, we’ll also be investing in new acquisitions and partnerships that will enable us to continue delivering best-in-class experience to the educators and helping them create an impact in the education system by building bigger and stronger businesses,” Mukul Rustagi, chief executive officer (CEO) and cofounder of Classplus, said.

Classplus was founded in 2018 by Bhaswat Agarwal and Mukul Rustagi. It is a mobile-first software-as--a-service (SaaS) platform that allows educators and content creators to build their online presence, digitise their offline tuition centres and sell their courses online. It focuses on both academic and non-academic courses like fitness and lifestyle, personal finance, language training and more.

The company claims to have more than 100,000 educators and content creators from over 3,000 towns and cities. Classplus competes with Teachmint and Zoho’s latest offering TainerCentral.

Devendra Agrawal, founder and CEO of Dexter Capital Advisors, in a previous conversation with Business Insider highlighted that players like Teachmint and Classplus have the potential to be India’s next unicorns.

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