In new fund raising round Classplus all set to raise Rs 73 Cr
By MYBRANDBOOK
Ventures would put in Rs 15.08 crore and Blume Ventures will invest Rs 15.03 crore.
Spiral and Strive will participate with Rs 9.8 crore and 2.26 crore respectively.
After the Series A round, promoters’ stake would be reduced from 39.25% to 29.6%. Early-stage investor Blume will emerge as the second-largest stakeholder in this round, holding a 15.89% stake. Sequoia’s Mauritius based SPV Surge Ventures and RTP Global will hold 13.23% and 10.14% respectively while remaining investors will have single-digit ownership in the company.
In its Series A funding, the Noida based startup raised Rs 17.5 crore in January this year. Blume Ventures, Surge Ventures and Kunal Shah’s QED Innovation Labs had invested in the company at a valuation of around Rs 80 crore.
Founded by Mukul Rustagi and Bhaswat Agarwal, the SaaS-enabled firm enables private coaching institutes and their tutors to streamline their content distribution, payments, communication, and online assessments. Classplus was also in Sequoia Capital’s ‘Surge 2.0’ accelerator program.
As of now, Classplus claims to have over 5,00,000 users and more than 3,000 teachers on the platform across India. It recently released new features to reach more students and educators. Since students have been relying on online classes during the lockdown, it has been tying up aggressively with coaching classes and providing online lessons, tests, and multimedia content to students.
BREAKING NEWS
TECHNO TRENDS
Microsoft to build a new data centre to support Thailand's tec
Microsoft has revealed intentions to construct a regional data centre as w...
SAP launches cloud services to help Indian scaleups innovate m
SAP at SAP unveils now "GROW with SAP for Scaleups," a new cloud service d...
Denodo and Sonata form alliance to unlock data-to-value creati
Denodo and Sonata Information Technology India Limited (SITL) have annou...
Google Play Store will now let users download two apps simulta
Google Play Store now lets users download two apps simultaneously. While a...
E-Magazine
TECHNOTAINMENT
ED attaches Raj Kundra, Shilpa Shetty’s Rs 97 crore worth as
The Enforcement Directorate (ED) has seized businessman Raj Kundra's pro
Salman Khan trolled for singing with B Praak at Anant Ambani's
To celebrate Mukesh Ambani's youngest son Anant Ambani’s 29th birthday
MOVERS & SHAKERS
DigiCert names Atri Chatterjee as CMO
DigiCert has announced the appointment of Atri Chatterjee as Chief Market
Amagi names its Chief Product Officer
Amagi announced the appointment of Richard Perkett as its Chief Product Of
OPEN YOUR EYES
INTERVIEWS
ETEK building a cybersecurity aware community
ETEK is a Global Managed Security Services expert with 30 years of experien
Acuutech continues to focus on innovation, customer focus and
Acuutech with its strong partnership with Lenovo and Microsoft forayed into
HOT PICK
COLORFUL rolls out an array of gaming laptops
COLORFUL launched its incredible series of COLORFUL EVOL P15 gaming laptop
Dell Technologies launches new AI-powered commercial PC portfo
Dell Technologies has launched the broadest portfolio of commercial AI lap
MAKE IN INDIA BRANDS
CP PLUS INDIA PVT. LTD.
NUMERIC INDIA, A Group Brand Legrand
ATRIE TECHNOLOGY PVT. LTD.
FINOLEX INDUSTRIES LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Technology Icons Of India 2023: Natarajan Chandrasekaran
Natarajan Chandrasekaran is the Chairman of the Board of Tata Sons, th...
Technology Icons Of India 2023: Sunil Vachani
Sunil Vachani is the founder and chairman of India-listed Dixon Techno...
Technology Icons Of India 2023: Lt Gen (Dr.) Rajesh Pant (Retd.)
LT Gen(Dr.) Rajesh Panth (Retd.), National cyber security coordination...
PARTNER SPEAKERS
PSU
CERT-IN protecting the cyber security space of India
CERT-In serves in the area of cyber security threats like hacking and ...
PGCIL transforming India with its wide power transmission network
Engaged in power transmission, POWERGRID or PGCIL is a stated owned In...
C-DAC keeps India ahead in IT & Electronics R&D space
Centre for Development of Advanced Computing (C-DAC) is the premier R&...
VIDEOS
Top 25 Brands
Value-Added Distribution
FORTUNE MARKETING PVT. LTD.
Delhi based Fortune Marketing, An ISO 9001:2008 company, distributes ...
INFLOW TECHNOLOGIES PVT. LTD.
Inflow Technologies is a niche player in the IT Infrastructure Distrib...
TECH DATA, A TD SYNNEX COMPANY
Tech Data Corporation was an American multinational distribution compa...
ITFORUM 2024
WIITF 2024
CMO of the Year
WOMEN LEADERSHIP
EMINENT CIO's OF INDIA
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
