ClassPlus

The funds will be used to scale GyanDhan’s operations and expand its physical presence to over 50 tier 2 and tier 3 cities.

Also, Coinbase launches crypto services in India, and Tata gets set to roll out a super app.

We look at an Indonesian health and wellness startup’s seed round and dissect Shopee’s exit from India.

Also, Indian startups have raised US$95.4 million in disclosed funding from international and local investors.

With the new fundraise, India-based Classplus doubled its valuation to nearly US$600 million.

The fundraise also marks Tiger Global’s fourth investment in the Indian edtech space after Byju’s, Unacademy, and Vedantu.

If the deal pushes through, Classplus’ valuation could go up to between US$200 million and US$210 million.

Edtech is shining bright amid Covid-19, but it also needs a moment of reflection so it doesn’t repeat the mistakes of traditional education systems.

The Indian startup helps offline coaching centers take their businesses online through a full-stack mobile solution.

About 80% of startups in Surge 02 have come on board with co-investors and have raised more than US$45 million in Surge rounds.