STARTUPS

Classplus Raises $65 Mn Led by Tiger Global

Classplus on Thursday said out has raised $65 million in a Series C funding round, led by Tiger Global and GSV Ventures. Existing investors Alpha Wave Incubation (AWI), backed by DisruptAD and managed by Falcon Edge, Blume Ventures, and RTP Global, also participated in the round. In May 2020, Classplus had raised $9 million in its Series A funding round led by RTP Global. In the last 15 months, the company has managed to raise funds through the four rounds. Sequoia Capital’s Surge and Times Internet have been early backers of Classplus.


“We are on a mission to make sure that every educator can go online and connect with their students across the world. The power of educators has historically been restricted to their local neighbourhoods. With Classplus, educators have been able to build and expand their online presence, and monetize their content without any major investment and effort”, said Mukul Rustagi, CEO and Co-Founder, Classplus. Classplus to smooth their communication, launch cohort-based live courses. The Shopify-like solution also helps them deliver live lessons, automate daily tasks, run student engagement programs along with building and marketing online courses.


“We feel fortunate to partner with marquee investors who believe in serving the global Edtech market from an educator-first angle. With this growth financing, we aim to build the best-in-class products for educators, build great engineering teams, and grow geographically. We are hiring aggressively across engineering, product, and business roles”, added Mukul.

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