India’s Classplus Raises $70 Million to Help Teachers and Creators Expand Their Reach
By Manish Singh
At a time when so many edtech firms in India are attempting to cut their reliance on teachers, a Noida-based startup that is helping teachers and creators operate, manage and sell courses to students has raised $70 million in a new financing round. That startup, Classplus, is now valued at $570 million.
Alpha Wave Global and Tiger Global co-led Classplus’ Series D round, the four-year-old startup said. Abu Dhabi-based Chimera Ventures and RTP Global also participated in the round, which follows the startup’s $65 million Series C funding eight months ago. The new round has more than doubled the startup’s valuation, it said in a statement.
There are millions of teachers in India who teach students in small Indian cities and towns. In their own localities, they are among the most popular from whom students wish to learn. Their offline coaching continues to flourish.
Photo courtesy of Siyavula Education.