Classplus raises $65mn funding from Tiger Global, GSV Ventures, AWI
Summary
Classplus, which helps educational institutions go online, on Thursday said it has raised USD 65 million (about Rs 482.3 crore) in funding, led by Tiger Global. Founded by Mukul Rustagi and Bhaswat Agarwal in 2018, Classplus has digitised over one lakh tutors across 1,500 cities serving 20 million students. Classplus allows tutors to run all their coaching, communication, assessments, payments, and student engagement programmes through a full-stack mobile solution. When lockdowns struck India, Classplus emerged as the critical infrastructure software for the USD 30 billion offline tutoring industry. A number of players have raised fresh funding from investors, along with consolidation as seen with deals like Unacademy acquiring PrepLadder and Byjus acquisition of Aakash Educational Services Limited.