Tiger Global pours $65m into Indian edtech firm Classplus

India-based edtech firm Classplus announced it has raised US$65 million in its latest round of funding.

More funding details

• Lead investor: Tiger Global and GSV Ventures
• Returning investors: Alpha Wave Incubation, Blume Ventures, and RTP Global
• Stage: Series C

More company updates

• The fresh fundraise may lift Classplus’ valuation to between US$200 million and US$210 million.
• It also marks Tiger Global’s fourth investment in the Indian edtech space after Byju’s, Unacademy, and Vedantu.
• Classplus said its platform has grown 10x in the last 12 months.
• The company develops web and mobile-based tutor enablement applications, which help tutors connect with students and parents. It also allows tutors to run all their communications, payments, assessments, and learning programs online on their smartphones.
• The edtech firm claims that educators can increase their student base from 100 to 1,200 students within the first eight to 10 months of using Classplus.
• The startup is up against similar players like Teachmint and Google-backed Cuemath.

For more coverage about the company, head here. You can also click on the link below to view the company’s key details and funding history.