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Classplus raises $70 million led by Alpha Wave Global, Tiger Global

The financing round valued the Noida-based startup at close to $600 million, more than double its previous valuation when it had raised $65 million Series C funding in June 2021

March 29, 2022 / 05:13 PM IST
(L-R) Classplus founders Bhaswat Agarwal and Mukul Rustagi

(L-R) Classplus founders Bhaswat Agarwal and Mukul Rustagi

Business-to-business edtech startup Classplus has bagged $70 million in a Series D funding round co-led by Alpha Wave Global and Tiger Global with participation from Abu Dhabi-based Chimera Ventures and existing investor RTP Global, the company said on March 29.

The round valued the Noida-based startup at close to $600 million, more than double of its previous valuation when it raised $65 million Series C funding in June 2021.

"Going forward, we’ll also be investing in new acquisitions and partnerships that will enable us to continue delivering best-in-class experience to the educators and helping them create an impact in the education system by building bigger and stronger businesses" co-founder Mukul Rastogi said.

Classplus, which has raised a total of $160 million to date, also counts Blume Ventures, Sequoia Capital India’s Surge, Spiral Ventures, Strive and Times Internet as investors.