Total amount raised
$129.1 Millions
Latest funding date
Location
Classplus has successfully raised multiple funding rounds, with the latest being a Series D round. The platform offers a mobile-first SaaS solution that enables private coaching institutes to manage their operations online.
Keep reading to explore the intricacies of Classplus's fundraising journey and the investors backing this innovative platform.
What Is Classplus?
Classplus, founded on January 28, 2018, is a mobile-first SaaS platform based in Noida, Uttar Pradesh, India. The company was established by Bhaswat Agarwal, Bikash Dash, Mukul Rustagi, Nikhil Goel, and Vatsal Rustagi.
Classplus enables private coaching institutes to streamline their operations, offering services such as video distribution, payments, communication, and online assessments. The platform supports over 3000 tutors in bringing their curriculum and operations online.
With a workforce of 501-1000 employees, Classplus continues to innovate in the education technology sector, providing tools for online teaching, course selling, and marketing assistance.
How Much Funding Has Classplus Raised?
- Angel Round
- Amount Raised: Not disclosed
- Date: September 2017
- Lead Investors: Rising Stars
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the platform and develop initial features.
- Seed Round
- Amount Raised: $500K
- Date: November 2018
- Lead Investors: Not disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the platform's capabilities.
- Seed Round
- Amount Raised: $1.6M
- Date: May 2019
- Lead Investors: Not disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase market reach.
- Venture Round
- Amount Raised: Not disclosed
- Date: October 2019
- Lead Investors: Surge
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand user base.
- Seed Round
- Amount Raised: $2.5M
- Date: February 2020
- Lead Investors: Blume Ventures, Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and support growth.
- Series A
- Amount Raised: $9M
- Date: May 2020
- Lead Investors: RTP Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve platform capabilities.
- Series A
- Amount Raised: ₹750M
- Date: September 2020
- Lead Investors: Alpha Wave Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance product offerings.
- Series C
- Amount Raised: ₹2.6B
- Date: June 2021
- Lead Investors: Blume Ventures, Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and expand the platform's reach.
- Series D
- Amount Raised: $70M
- Date: March 2022
- Lead Investors: Alpha Wave Ventures, Tiger Global Management
- Valuation at Round: $600M
- Motivation Behind the Round: To expand global presence and invest in new acquisitions and partnerships.
Total Amount Raised: $160M
Current Valuation: $600M
Key Investors
- Alpha Wave Global
- Details: Alpha Wave Global, formerly known as Falcon Edge Capital, is a global investment firm. They focus on high-growth technology companies.
- Investment Focus Areas: Technology, healthcare, consumer sectors.
- Notable Investments: Swiggy, PolicyBazaar, Dream11.
- Tiger Global Management
- Details: Tiger Global Management is a global investment firm that invests in private and public companies. They have a strong focus on technology and internet sectors.
- Investment Focus Areas: Technology, software, consumer, financial technology sectors.
- Notable Investments: Facebook, LinkedIn, Spotify, Stripe, ByteDance.
- Chimera Ventures
- Details: Chimera Ventures is an Abu Dhabi-based venture capital firm. They invest in early-stage and growth-stage technology companies.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Not specified.
- RTP Global
- Details: RTP Global is a global venture capital firm that focuses on early-stage technology companies. They have a history of successful investments in various tech sectors.
- Investment Focus Areas: Technology, internet, software sectors.
- Notable Investments: Delivery Hero, Yandex, Cred.
- Blume Ventures
- Details: Blume Ventures is an early-stage venture capital firm based in India. They focus on tech startups and have been instrumental in the growth of several successful companies.
- Investment Focus Areas: Early-stage tech startups in India.
- Notable Investments: Unacademy, Dunzo, Purplle.
What's Next for Classplus?
Classplus is poised to seize substantial opportunities in the edtech sector, particularly by expanding its global footprint into Southeast Asian markets like Singapore, Vietnam, and Malaysia. The company aims to enhance its product offerings and form strategic partnerships, leveraging its strong presence in over 3,000 towns and cities in India. This expansion is expected to attract further investment, enabling Classplus to continue its growth trajectory.
Future fundraising rounds are likely as Classplus scales its operations and seeks new acquisitions to bolster its platform. However, the company will face challenges such as intense competition from other edtech platforms and the need to maintain quality and consistency across diverse markets. Navigating regulatory environments in new regions will also be crucial for sustained success.
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