Sunstone Eduversity Raises $28M In Series B Funding Round
Sunstone Eduversity, a higher learning startup, has raised $28 million (about Rs 208.8 crore) as part of its Series B funding round led by WestBridge Capital. Existing investors Saama Capital, Alteria Capital and Work10m also participated in the funding round.
The startup plans to use the raised funds to invest in cutting-edge learning and technology assets, hiring across different functions and building a network of colleges across multiple cities.
Sunstone Eduversity | Making Higher Education Accountable
Co-founded by Ashish Munjal and Piyush Nangru, Sunstone Eduversity is an edtech startup offering higher education programmes. The startup offers Pay after Placement MBA (UGC approved ) and PGDM (AICTE approved) programs and is currently the third-largest B-school in the country.
Sunstone Eduversity has expanded its presence in 24 campuses across 18 cities, including institutions like GD Goenka University, Noida Institute of Engineering and Technology, JECRC University, and others.
Speaking about the platform, Ashish Munjal said,
“Education experience for a majority of students is still archaic, input-driven, with zero focus on outcomes. Sunstone flips the norm by putting outcomes at the forefront and arms each student with tools they need to realise their dreams.”
Sunstone Eduversity, in partnership with various universities, has added three new programmes-BBA, MCA and online MBA, this year. Also, the edtech startup will be introducing various undergraduate programs such as BCA, B Com and BSc in the next 12 months.
Aiming to be the largest higher education provider in India in the next five years, the edtech startup is witnessing a 4X growth over student enrollments in 2020. The startup added that it will be enrolling over 25,000 students across 35 cities by the end of 2022.
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