Total amount raised
$129.1 Million
Latest funding date
3/1/2022
Location
Classplus has successfully raised funds through 9 funding rounds, attracting investments from notable firms such as Alpha Wave Ventures, Chimera Investment, and Tiger Global Management. The platform offers a mobile-first SaaS solution designed to help over 3000 tutors manage their curriculum and operations online.
Keep reading to explore the intricacies of Classplus's fundraising journey and the investors backing this innovative platform.
What Is Classplus?
Classplus is a private company located in Noida, Uttar Pradesh, India. It operates in the EdTech industry, offering a mobile-first SaaS platform that helps over 3000 tutors manage their curriculum and operations online. The company has an employee count of 501-1000.
Founded in 2018, Classplus has grown significantly, raising funds through a Series D round. The platform is designed to streamline educational processes, making it easier for tutors to conduct their coaching activities efficiently.
How Much Funding Has Classplus Raised?
- Angel Round
- Amount Raised: Not publicly disclosed
- Date: September 2017
- Lead Investors: Rising Stars
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their mobile-first SaaS platform.
- Seed Round
- Amount Raised: USD 500,000
- Date: November 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand the user base.
- Seed Round
- Amount Raised: USD 1,600,000
- Date: May 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance platform features.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: October 2019
- Lead Investors: Surge
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and market expansion.
- Seed Round
- Amount Raised: USD 2,500,000
- Date: February 2020
- Lead Investors: Blume Ventures, Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and reach more educators.
- Series A
- Amount Raised: USD 9,000,000
- Date: May 2020
- Lead Investors: RTP Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and scale operations.
- Series A
- Amount Raised: INR 750,000,000
- Date: September 2020
- Lead Investors: Alpha Wave Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling and improving the platform.
- Series C
- Amount Raised: USD 65,000,000
- Date: June 2021
- Lead Investors: Blume Ventures, Tiger Global Management
- Valuation at Round: Approximately USD 300,000,000
- Motivation Behind the Round: To scale operations and expand market reach.
- Series D
- Amount Raised: USD 70,000,000
- Date: March 2022
- Lead Investors: Alpha Wave Ventures, Tiger Global Management
- Valuation at Round: USD 600,000,000
- Motivation Behind the Round: To expand global presence and invest in new acquisitions and partnerships.
Total Amount Raised: USD 148,600,000. Current Valuation: USD 600,000,000.
Key Investors
- Alpha Wave Ventures
- Details: Alpha Wave Ventures is a global investment firm co-founded by Navroz D. Udwadia. They focus on high-growth technology companies and have been a lead investor in Classplus's Series D funding round.
- Investment Focus Areas: Technology, consumer markets, various other sectors.
- Notable Investments: Not publicly disclosed.
- Tiger Global Management
- Details: Tiger Global Management is a global investment firm that focuses on private and public companies in the internet, software, consumer, and financial technology sectors. They co-led the Series D funding round for Classplus.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
- Chimera Ventures
- Details: Chimera Ventures is an Abu Dhabi-based venture capital firm that invests in technology-driven companies. They participated as a new investor in Classplus's Series D funding round.
- Investment Focus Areas: Technology-driven companies.
- Notable Investments: Not publicly disclosed.
- RTP Global
- Details: RTP Global is a venture capital firm that invests in early-stage technology companies. They doubled their investment in Classplus during the Series D funding round.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: Delivery Hero, Yandex.
- Blume Ventures
- Details: Blume Ventures is an early-stage venture capital firm that invests in technology startups in India. They have been a previous investor in Classplus.
- Investment Focus Areas: Technology startups in India.
- Notable Investments: Unacademy, Dunzo.
What's Next for Classplus?
Classplus is poised for significant growth, with opportunities to expand its global presence and enhance its product offerings. The company plans to invest in new acquisitions and partnerships, targeting both academic and non-academic educators. With a strong foothold in India, Classplus is now eyeing Southeast Asian markets, including Singapore, Vietnam, and Malaysia, to tap into new revenue streams and user bases.
Future fundraising rounds are likely as Classplus continues to scale and demonstrate growth. The increasing digitization of education and the rising demand for online learning platforms present ample opportunities for further investment. However, the company will need to navigate competition from other edtech platforms and manage the complexities of operating in multiple international markets.
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