Edtech Startup Classplus Raises $65 Million To Bring More Tutors Online - Viral Bake
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Edtech Startup Classplus Raises $65 Million To Bring More Tutors Online

Edtech startup Classplus has raised $65 million in a Series C funding round led by US-based Tiger Global. This is the fourth time when the Edtech startup Classplus funding was raised by the Delhi NCR-based startup in the last 15 months.

Source: Biz Behind Sports

GSV Ventures, in collaboration with existing investors Alpha Wave Incubation (AWI), RTP Global, and Blume Ventures also participated in the Series C round. However, the Classplus has raised nearly $85 million in funding to date, from investors like Times Internet, Sequoia Capital’s accelerator program Surge, and former cricketer Sourav Ganguly.

About Classplus

Classplus offers a mobile-first software allowing tuition centers, coaching institutes, and private tutors in order to take their offline classes online. The company claims that it is serving 20 million students and 100,000 tutors across 1,500 cities in India. About 80% of the educators on the platform are from Tier-2 and beyond regions.

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In a press note, the company claimed that “A typical educator can grow its student base from 100 to 1200 students within 8-10 months of using Classplus. The platform has seen massive success stories of educators generating 5x [five times] of their usual incomes within a year of starting up.” 

Additionally, it said that in order to assist tutors to increase their profitability by 2X to 3X within 6 months through this platform. The company’s software solutions also allow tutors to run their coaching, assessments, communication, student engagement programs, and payments through their mobile solutions.

Singh Vivek

With over 5 years of writing obituaries for a different organisation, I have a uniquely wry voice that shines through in my newest collection of articles.

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