Indian Edtech Startup Classplus Secures $2.5 Million in Pre-Series A Round
2020-02-11 20:13:21

Indian edtech startup Classplus announced today it has secured $2.5 million Pre-Series A funding round led by Blume Ventures, and followed by angel investors such as Cred’s founder Kunal Shah, general manager of Xiaomi Indonesia Alvin Tse, along with Locus Ventures’s partner Eric Kwan.

The startup is also a part of Sequoia Capital India’s Surge program, an early-stage accelerator.

According to its cofounder Mukul Rustagi, the latest round will be mainly used to improve its technology, and scale up team.

Founded in 2018, the startup is offering management software and mobile application to coaching institutes, tuition centers and private tutors, helping them reduce management time and then focus more on teaching activities.

Classplus said it has accumulated more than 3,000 tutors across 50 cities in India, and has provided services for over 500,000 students on a regular basis.

Last year, it raised $1.6 million from GREE Ventures and Times Internet.

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