Classplus raises $65M in series D funding led by Tiger Global and Peak XV Partners to drive profitability and expand content creator offerings.

Jun 02, 2024•over 1 year ago

Amount Raised

$65 Million

Round Type

series d

Bengaluru

Investors

Sequoia Capital IndiaBlume VenturesPeak Xv PartnersTiger Global

Description

Classplus has raised $65 million in a series D funding round, valuing the company close to USD 565 million. The firm is on the verge of profitability, driven by improved operational efficiencies and aims to enhance its content creator offerings through acquisitions and strategic partnerships.

Company Information

Company

Classplus

Location

Bengaluru, Karnataka, India

About

The company will also use the funds to expand to international markets. The firm is valued at around $140 million, according to reports. Founded in 2018, Classplus is a mobile-first platform that enables educators to take their offline institutes online.

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Classplus raises $65M in series D funding led by Tiger Global and Peak XV Partners to drive profitability and expand content creator offerings.

Investors

Description

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Funding Insights

Company Information