EdTech has revolutionized the education sector in India, with many innovative startups emerging to bridge the gap between traditional education and technological advancements. Class24 is one such hybrid learning platform that provides online and offline learning solutions to K12, competitive exams/test preparation and skill development aspirants. Recently, the startup hit a milestone by closing a pre-Series A round of funding, raising $10 million (over ₹81.98 crores) at a valuation of $10 million.
Founded in July 2022 by Bhunesh Sharma, Class24 provides comprehensive courses designed to cater to the unique learning needs of students. The platform offers a variety of video lessons and interactive quizzes to make the learning experience engaging and interactive. It also has a well-structured module-based approach, with practice exercises, mock tests, and regular quizzes to help students reinforce their understanding.
The funding round was led by Plutus Wealth Management LLP and its Managing Partner, Arpit Khandelwal. The funds will be used for product development, expanding offline schools & colleges network/collaborations, and attracting top talent to drive innovation.
Commenting on the funding, Arpit Khandelwal, Managing Partner of Plutus Wealth Management LLP, said, “Class24 is well placed with its experienced team, sustainable expansion strategy and win-win approach for its partners to scale up aggressively in edtech in India. We are excited to participate with the highly seasoned team of Class24 in its transformative tech-based journey.”
Bhunesh Sharma, Founder & CEO of Class24, added, “Traditional educational models often need help to adapt to the changing needs of students and educators. As a result, innovative startups like class24 have emerged to bridge the gap between traditional education and technological advancements, offering a range of accessible and personalized learning experiences/solutions that empower learners and teachers alike.”
Class24 has reached over 1.3 million student app downloads in just one year and the pre-Series A funding will help the company accelerate its expansion plans and further enhance its innovative tech-backed solutions/platform to shape the future of education in India.
With EdTech becoming increasingly popular in India, Class24’s successful pre-Series A funding round is a testament to the potential this sector holds and the impact it can have on the education sector.
