Edtech SaaS Company, Classplus, Raises USD 9 Mn in Series B Funding Round

classplus founders - series b funding

Noida, India-based Classplus has raised USD 9 million in its Series B funding round through investors like RTP Global, Blume Ventures, Sequoia’s Strive, Surge and Spiral ventures.

As per a report in Inc42, during a Pre-Series A funding in February, the company had raised USD 2.5 million from Blume Ventures, Surge Ventures and other investors. The SaaS platform was also initially funded with USD 1.6 million by Times Internet and GREE Ventures.

To digitise education and make learning conveniently accessible to a larger audience, Classplus was founded by Bhaswat Agarwal and Mukul Rustagi, initially as XPrep, in 2015. An initiative to assist coaching institutes to teach online and empower educators, Classplus promotes digital academics contrary to conventional methods of teaching.

The edtech platform was launched with the aim to help tutors and coaching institutes to provide an enriching digital learning experience to students anytime and anywhere. As per their website, the online platform has been used by 3,00,000+ people across India and has 2000+ tutors. It is used by coaching centres like CG Tutorial Indore, Mainline Academy Nagpur, NCI Patna, School Toppers Mumbai, and Vidhyoday Bhopal spread over 50+ cities and towns in India. 

Video lectures with smart attendance, student performance reports, online test portal, parent interactions, online monetization of courses and study material by educators are some of the key features of the app.In today’s digital age, multimedia educational content and efficient online learning strategies appeal to students more. During the CoVid-19 lockdown, edtech is flourishing and likely so will Classplus, as educators are resorting to online modes of teaching.

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