Sunstone Eduversity has raised $28 million in a funding round. The funding was led by WestBridge Capital and existing investors such as Saama Capital and Alteria Capital. With the help of fresh funds, Sunstone aims to become the most prominent education provider in the next five years, it said in a media release. “The company will use the fresh funds to invest in learning and technology assets, and developing a network of colleges in various cities, and hiring for different purposes,” it added.

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The Co-Founder Ashish Munjal said that the funding is helping our model to work with colleges and corporates and using technology to bring quality education to millions of students.” Sunstone has added three new programmes this year: BBA, MCA, and MBA. It plans to add multiple undergraduate programmes like BCA, B.Com and BSc by the next 12 months and expects to enrol more than 25,000 students in 35 cities by the end of next year. The company has expanded across 18 cities which has some of the leading institutions like GD Goenka University, JECRC University, Noida Institute of Engineering and Technology and many others, the official release said.