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.
AdvertisementClassplus — 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
|Scaler Academy||$710 million||Tiger Global, Sequoia India|
|Classplus||$600 million||Alpha Wave Global, Tiger Global|
|BrightChamps||$500 million||Premji Invest, Flipkart’s Binny Bansal|
|Teachmint||$500 million||Lightspeed, Better Capital|
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.
Tata Power, ICICI Bank, Aurobindo Pharma among stocks to watch out for on March 29
Three days left to link PAN with Aadhaar to avoid any penalty or other consequences
India might be building a super app for its farmers, combining weather, market updates, advisories and more in one app
Popular on BI
- An overlooked group of borrowers will be hit hard as student loan repayments resume, former Fed economist says
- TikTok's strategy for US dominance is straight out of Amazon's playbook — but creators are the fuel for its flywheel
- Robin Williams' daughter says she finds AI recreations of her father's voice 'personally disturbing'
- Survey shows people find no improvement in public toilets across country
- Sebi extends deadline for listed cos to confirm or deny market rumours
- Tom Hanks, a dental plan promotion and an AI
- New 'inverse vaccine' shows potential to treat multiple sclerosis, diabetes: Study
- TDP leaders stage hunger strike In Delhi against arrest of Chandrababu Naidu