Classplus raises $1.6 million in its pre-series A funding round
Classplus has secured $1.6 million in its pre-series A funding round led by Times Internet and GREE Ventures. Japanese VC firm Spiral Ventures and existing investor Netherlands-based Rising Stars Fund have also participated in the round.
The fresh capital will be used by the edtech startup to expand its product offerings, ramp up their leadership team and scale operations. Classplus is also looking to leverage on data science and will enable predictive analysis on their assessment scores.
Launched in January 2018, the Delhi-based firm is claiming to have more than 1,200 coaching centres across over 50 Indian cities as its clients.
Mukul Rustagi, CEO and Co-Founder, Classplus, said, “We feel that the wave of internet penetration and smartphone access has opened up opportunities for tutor-led, tech-enabled learning. ClassPlus has topped the segment with coaching centres using our mobile SaaS for their classroom courses as well as to distribute text and video learning modules online.”