Business to business (B2B) Edtech startup Classplus, which was headed by early-stage tech investor RTP Global, raised $9 million in a Series A funding round.
The round was also attended by established investors, including Blume Ventures, Sequoia Capital India’s Surge, Spiral Ventures, and Strive.
The Noida company helps offline coaching institutes to take online their companies. Classplus said it would use the money to develop its technology and extend its product range. Classplus extends its product, development, and business teams and also cooperates with content publishers to enable access to online evaluations.
More than 3,500 coaching centers in 70 towns and cities in India use the network, he said. Mukul Rustagi and Bhaswat Agarwal launched Classplus in 2018.
We are the leading categories in the segment, and the raising of the new fund will help us provide a world-class experience to more students. India is the world’s largest after-school market and supply models continue to grow as we speak. As the national exams pass online, it is important to observe school teaching and, according to Rustagi, co-founder and CEO of Classplus, this new round of capital demonstrates Classplus’s ability to digitize the ecosystem.
Kirill Kozhevnikov, the RTP Global partner, said, “India was one of the world’s top ten, according to the World Teacher Status Index, established in 2018 in Varkey, while in the last decade paying the teachers. Classplus liquidates this disparity by empowering tutors with full-stack mobile solutions while retaining and enhancing the credibility of tutors.