Noida-based SaaS Platform for Coaching Institutes Classplus Raises $2.5M from Blume, Sequoia Capital’s Surge


Noida-based SaaS Platform for Coaching Institutes Classplus Raises $2.5M from Blume, Sequoia Capital’s Surge

Classplus, a mobile OS for private tutoring businesses, commonly known as coaching centres in India, has raised a pre-series A round of $2.5 million from Blume Ventures and Sequoia Capital India’s rapid scale-up program Surge.

The round also saw participation from marquee angels such as Kunal Shah (Founder of CRED and Freecharge), Alvin Tse (GM, Xiaomi-Indonesia), Eric Kwan (Partner at Locus Ventures), amongst others. 

Started in 2018 by Mukul Rustagi and Bhaswat Agarwal, Classplus is a mobile first SaaS platform for private coaching centres. It helps coaching centres take their business online and streamline all their communication, content distribution, payments and online assessments through the app thereby reducing their time spent on management activities and focusing more on classroom teaching. It brings tutors, students and parents on one platform for better communication and enables tutors to track each student’s performance on the app and provide personalized learning experience to each kid.

Presently, 3000+ tutors across 50+ Indian cities use Classplus to cater to over 500k students on a regular basis and drive pre-classroom and post-classroom engagement.

Speaking about the company and its plans to use the new funds, Mukul Rustagi, Co-founder, Classplus, said,

“We caught on to the smartphone internet wave pretty early and realized this might be the de-facto medium via which tutors and students would use the internet as a productivity tool in the future. This fundraise will be primarily used to ramp-up our technology. We are jumping orbitals and we welcome strong pilots to steer the rocketship. We are currently a team of 150+ and looking forward to bolster it across engineering, product and business verticals."

Classplus aims to streamline this massive but fragmented market by helping tutors run all their communication, payments, assessments and online learning programs on a full-stack mobile solution that doubles up as their online content repository. It also acts as a new-age digital distribution platform for education content and products, enabling tutors to set up e-commerce channels that make video content and online assessments available to their students.

Sajith Pai, who leads edtech investments at Blume Ventures, commented on the investment saying,

“At Blume, we are excited by Mukul & Bhaswat's vision of a platform that empowers the hundreds of thousands of tuition and test prep centres throughout India to better serve their students, thereby enhancing learning for students, and improving earning opportunities for these entrepreneurs who run these tuition and test prep centres."

In India, tutors are often the primary channel for external supplementary academic support. 70 million plus students in India take tuitions every year, keeping the age-old guru-shishya culture alive in hyperlocal retail tutoring stores across the nook and corners of the country.

About the Author
Author: Stephen Soulunii
Stephen Soulunii No more a student, but love to learn. Not a teacher, but care about how students are taught. Not an educator, but want everyone to be educated. Not a social worker, but desire to see change. Not a reformer, but always want to see a better world. The author believes that only sound education can bring a better future, better world and technology can help achieve a lot in this field.

Like what we do?

The Latest EdTech News To Your Inbox

Follow us:

   

   

 

Latest EdTech News To Your Inbox

About ETR Community

EdTechReview (ETR) is a community of and for everyone involved in education technology to connect and collaborate both online and offline to discover, learn, utilize and share about the best ways technology can improve learning, teaching, and leading in the 21st century.

EdTechReview spreads awareness on education technology and its role in 21st century education through best research and practices of using technology in education, and by facilitating events, training, professional development, and consultation in its adoption and implementation.

 

-> Read More

Join The Community

Subscribe and Join the 80,000+ members who trust us...

Follow us on

 
Testimonials
I find every news, reviews very informative and interesting. This site is indeed a great site for both teachers and learners. Thanks to EdTech for creating such an enriching site on education. Hats off!!
- Regin Brown, Educationist and Blogger, United Kingdom


My group likes this site because it's so up-to-date and has tons of relevant articles.
- Angela Giuliano, Teacher, New Mexico


Your write ups and articles ignites the minds making them receptive to the whole new wealth of EdTech.
- Jagat Rana, Parent, India


EdTechReview has some great resources for teachers who need to get some ideas about technology in the classroom.
- Loretta Wideman,Teacher, East Africa


EdTechReview keeps educators up to date with trending tech savvy terms relative to the discipline.
- Dr. Ingrid Rizzolo,Education Professional, Curriculum and Instruction Designer, New York City Area

-> Read More

Go to Our Client List

Adobe Avaya Bettasia Bonio Campus Management CK12 CKS Evernote IBM Intel IQPC Kidzania McGraw Hill Moodle Moot USC Rossier CMR University The British School Canadian International School Pathways Ridge Valley

Subscribe to our Newsletters...