Sequoia Surge Startup Classplus Bags $2.5 Mn Pre-Series A
Summary
Angel investors such as Cred’s founder Kunal Shah, general manager of Xiaomi Indonesia Alvin Tse, partner at Locus Ventures Eric Kwan among others also participated in the funding round. Founded in 2018 by Rustagi and Bhaswat Agarwal, Classplus lets coaching institutes, tuition centres and private tutors to take their traditionally offline class management setups online with a mobile-first product. The startup takes a subscription fee from coaching institutes for its software suite, which handles class communication, payments, assessments, online learning programmes and attendance, thereby reducing their time spent on management activities and focusing more on classroom teaching. While many edtech startups are only focussed on the end learners, Rustagi explained that he wanted Classplus to tap the internet wave to provide a productivity tool to both tutors and students. In its Annual Tech Indian Startup Funding report 2019, DataLabs by Inc42 noted that Sequoia Capital was the most active venture capitalist last year.