This round will include primary investment as well as secondary transactions. Post this funding, the start-up will be valued at $250 Million
Investment major Tiger Global is in talks with Ed-tech start-up Classplus for a potential $30 Million funding. This round will include primary investment as well as secondary transactions. Post this funding, the start-up will be valued at $250 Million.
Previously the platform had raised $30 Million from a round led by GSV ventures. Earlier in 2020 September, they had raised $10.3 Million from Falcon Edge’s AWI, and star cricketer Saurav Ganguly, as well as Blume Ventures and RTP Global. However, the new round is yet to be closed so terms of engagement may change.
Classplus works on getting hyperlocal coaching centers aboard their platform to provide digital education to the thousands and lakhs of students who are missing school due to the pandemic. It also provides a platform to teachers and educators, so as to expand the reach of their institute. These are small and medium coaching centers that are usually run by the teachers themselves. It is a Shopify-like platform that offers discoverability to the local coachings and teachers.
Source: Business World