Edtech startup Classplus has raised $70 million in a Series D round co-led by Alpha Wave Global and Tiger Global Management.

As part of the development, Abu Dhabi-based Chimera Ventures has come in as a new investor, while existing investor, RTP Global, has increased their investment in Classplus.

The startup plans to deploy the freshly infused funds to take its product up by notches and expand its presence globally. Additionally, Classplus will also be investing in new acquisitions and partnerships.

Classplus | Empowering Educators And Content-creators To Go Digital

Founded by Bhaswat Agarwal and Mukul Rustagi in 2018, Classplus is a B2B edtech platform that helps educators and content creators launch and scale their online coaching businesses.

As per the startup, it has seen massive adoption from academic educators from K-12, exam prep categories and non-academic content creators from categories like fitness & lifestyle, personal finance, language training and programming, amongst others.

Speaking about the funding round, Mukul Rustagi, CEO and Co-founder of Classplus, said,

“We’ve come a long way to become the category leaders since we started back in 2018. But one thing that hasn’t changed in the last 4 years is our commitment towards changing the lives of millions of educators and their student base through technology. We’re fortunate and humbled to have the trust and blessings of thousands of educators, our teammates and our investors along the way. We invite everyone who feels the same to come and be a part of this amazing clan.”

In June 2021, Classplus raised $65 million in the Series C round. Coming back to the development, this Series D round values Classplus close to $600 million, which is more than a 2X jump in the valuation from the previous round.

As per the edtech startup, it has witnessed more than 100K educators and content creators from 3000+ towns and cities of India already using the platform, with more than 75% of its educator base coming from tier II India and beyond.

Additionally, the startup claims that a majority of its educators have witnessed a 2-3X increase in profitability within six months of adopting the platform.

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