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- Classplus
Classplus Revenue, Valuation, Funding & Investors
Classplus is valued at $600M as of March 2022, a 21.4x multiple on its last reported $28M revenue.
Last Classplus valuation
$600M
Series D · Mar 2022
Last Classplus funding round
$70M
Series D · Mar 2022
Classplus revenue
$28M
Series D · Mar 2022
Key investors in Classplus
Blume Ventures
RTP Global
Tiger Global
Peak XV Partners
STRIVE
Spiral Ventures
About Classplus
Classplus is a Gurgaon-headquartered SaaS platform tailored for coaching institutes in India. It integrates video lecture distribution, fee collection via UPI and cards, messaging, and online quizzes into a mobile-first app. The service supports over 10,000 institutes managing millions of students, handling live classes, doubt resolution, and attendance tracking. Classplus facilitates hybrid learning models with offline access to recorded content.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$28M (Mar 2022)
Valuation
$600M (Mar 2022)
Classplus Valuation
Classplus is currently valued at $600M, based on its Series D in March 2022.
The $70M round was led by Alpha Wave Ventures and Tiger Global, with participation from Chimera Investment and RTP Global.
Classplus' valuation has moved from $2.3B at its Series A in May 2020 to $600M in March 2022, across 2 priced rounds.
Classplus valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Mar 2022 | Series D | $600M | 21.4x |
| May 2020 | Series A | $2.3B | - |
Classplus Revenue
Classplus' latest recorded revenue is $28M, as of its Series D in March 2022. At a $600M valuation, that implies a 21.4x revenue multiple.
Classplus revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Mar 2022 | $28M | $600M | 21.4x | Series D |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Classplus Funding History
Classplus has raised a total of $129M across 7 funding rounds.
Classplus' first fundraising round was a $500K seed round in November 2018. The most recent completed round was a $70M Series D in March 2022.
Classplus funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2022 | Series D | Alpha Wave Ventures (lead); Tiger Global (lead); Chimera Investment; RTP Global | $70M | $600M | Classplus is a SaaS platform enabling teachers, coaching institutes, and content creators to launch and manage their online teaching businesses. The platform provides educators with digital tools to monetize courses and reach students without reliance on multiple third-party vendors. Founded in 2018 and headquartered in Noida, India, Classplus focuses on transforming offline education into digital formats across K-12, test preparation, and creator economy segments. In March 2022, Classplus raised $70 million in Series D funding co-led by Alpha Wave Global and Tiger Global Management, with participation from Chimera Ventures and RTP Global. The round valued the company at $600 million post-money, more than doubling its valuation from the $300 million Series C round in June 2021. The company planned to deploy proceeds to expand into smaller Indian cities and towns, broaden product offerings, and enter international markets including Singapore, Vietnam, and Malaysia. Classplus demonstrated strong unit economics with sector-leading monetization and retention metrics among tutors using the platform. |
| Jun 2021 | Series C | Blume Ventures (lead); Tiger Global (lead); Alpha Wave Incubation; GSV Ventures; RTP Global | $36M | - | - |
| Sep 2020 | Series A | Alpha Wave Global (lead); Blume Ventures; RTP Global | $10M | - | - |
| May 2020 | Series A | RTP Global (lead); STRIVE; Blume Ventures; Spiral Ventures; Peak XV Partners | $9M | $2.3B | Classplus, operated by Bunch Microtechnologies, is a B2B edtech platform providing technology solutions to private coaching centers and independent tutors for managing payments, practice tests, schedules, and online learning sessions. Founded in 2015 by Mukul Rustagi and Bhaswat Agarwal, the platform launched in 2018 and serves over 3,500 coaching centers across 70 cities, primarily in tier-II and tier-III towns in India. It aims to digitize the fragmented coaching market with over 70 million annual student enrollments by offering a mobile app for communication, assessments, and study materials. In May 2020, Classplus raised $9 million in a Series A funding round led by RTP Global, with participation from existing investors Blume Ventures, Spiral Ventures, Strive, and Sequoia Surge. The funds are intended to expand product offerings, scale the technology stack, increase engineering and business teams, hire leadership, and partner with content publishers for online assessments. This follows a $2.5 million seed round in February 2020 from Blume Ventures and Sequoia Surge, and a $1.6 million round in May 2019 led by Times Internet and Strive. |
| Feb 2020 | Seed | Blume Ventures (lead); Peak XV Partners (lead); Eric Kwan; Kunal Shah | $3M | - | - |
| May 2019 | Seed | STRIVE; Rising Stars; Times Internet; Spiral Ventures | $2M | - | - |
| Nov 2018 | Seed | Manish Amin; Rising Stars | $500K | - | - |
Who has invested in Classplus?
16 investors have backed Classplus across its funding rounds, including Blume Ventures, RTP Global, Tiger Global, Peak XV Partners, STRIVE and Spiral Ventures.
Lead investors include Alpha Wave Ventures, Tiger Global, Blume Ventures, Alpha Wave Global, RTP Global and 1 other investor.
Classplus Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Feb 2020 | ||
| 4 | Lead | May 2020 | ||
| 2 | Participant | May 2019 | ||
| 2 | Participant | Nov 2018 | ||
| 2 | Lead | Jun 2021 | ||
| 2 | Participant | May 2019 | ||
| 2 | Lead | Feb 2020 | ||
| 1 | Participant | Nov 2018 | ||
| 1 | Lead | Mar 2022 | ||
| 1 | Participant | May 2019 | ||
| 1 | Participant | Jun 2021 | ||
| 1 | Participant | Mar 2022 | ||
| 1 | Participant | Jun 2021 | ||
This data is available for Pro users. Sign up to see all 16 Classplus investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Classplus
Classplus has acquired 2 companies to date.
Last acquisition by Classplus was on November 1st 2021. Classplus acquired Saarthi for undisclosed valuation.
Latest Acquisitions by Classplus
| Description | Saarthi is an education app targeting next-billion users in India with vernacular content for competitive exams like JEE and NEET. Bangalore-based, it delivers video lessons, quizzes, and doubt-solving in Hindi, Tamil, Telugu, and other languages for rural and Tier-2/3 city students. | - |
| HQ Country | ||
| HQ City | Bangalore | Bangalore |
| Deal Date | 1 Nov 2021 | 17 Jun 2020 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Classplus acquisitions and their M&A valuation multiples. Start Free Trial | ||
Investments by Classplus
Classplus has invested in 1 company to date.
Latest investment by Classplus was on June 3rd 2025. Classplus invested in GyanDhan in their $6M Series A round.
Latest Investments by Classplus
| Description | GyanDhan is a fintech platform facilitating education loans for Indian students studying abroad in the US, UK, Canada, and Australia. New Delhi-headquartered and founded in 2015, it partners with lenders like HDFC Credila and Axis Bank to offer unsecured loans up to INR 1.5 crore based on data science credit assessments. The service processes over 10,000 applications annually and provides visa guidance alongside financing. |
| HQ Country | |
| HQ City | New Delhi |
| Deal Date | 3 Jun 2025 |
| Round | Series A |
| Raised | $6M |
| Investors | Pravega Ventures |
| Valuation | $20M |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Classplus investments and their VC round multiples. Start Free Trial | |
Classplus Competitors
Classplus competitors include listed companies like FLOWSPARKS and Docebo, and private ones like Amplify Education, LEAD, PAPER and Getcourse.ru.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $781M | - | ||
| Private | - | - | $1.1B | - | ||
| Private | - | - | $1.2B | - | ||
| Publicly listed | $12M | $3M | $57M | - | ||
| Private | - | - | $600M | - | ||
| Publicly listed | $243M | $26M | $594M | 2.4x |
Classplus Public Comps
Classplus is still privately-owned, but its public comps include Docebo, Jiangsu Chuanzhiboke, Gaotu Techedu, Shenzhen Fangzhi Science, American Public Education, D2L, NIIT Learning Systems, Qibu, MegaStudyEdu and Vitec Software.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $243M | $26M | 2.6x | 2.4x | 24.8x | 12.3x | |||
| $57M | ($7M) | 8.9x | 6.3x | (67.8x) | - | |||
| $917M | ($38M) | 0.2x | 0.2x | (4.3x) | (33.7x) | |||
| $14M | $3M | 28.2x | - | 118.5x | - | |||
| $649M | $64M | 1.1x | 1.1x | 11.6x | 7.8x | |||
| $217M | $17M | 1.3x | 1.2x | 16.7x | 8.3x | |||
| $204M | $42M | 1.3x | 1.2x | 6.1x | 6.0x | |||
| $24M | ($16M) | 15.3x | - | (23.0x) | - | |||
This data is available for Pro users. Sign up to see all Classplus competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Classplus
| When was Classplus founded? | Classplus was founded in 2018. |
| Where is Classplus headquartered? | Classplus is headquartered in Noida, India. |
| Is Classplus publicly listed? | No, Classplus is a private, VC-backed company. |
| What is Classplus' valuation? | Classplus was last valued at $600M in its Series D in March 2022. |
| How much funding has Classplus raised? | Classplus has raised $129M across 7 funding rounds. |
| What was Classplus' last funding round? | Classplus' last funding round was a $70M Series D in March 2022, led by Alpha Wave Ventures and Tiger Global. |
| Who are Classplus' investors? | Classplus' investors include Blume Ventures, RTP Global, STRIVE, Rising Stars, Tiger Global, Spiral Ventures, Peak XV Partners, Manish Amin, Alpha Wave Ventures, Times Internet and 6 others. |
| What is Classplus' revenue? | Classplus' latest recorded revenue is $28M (March 2022). |
| What is Classplus' revenue multiple? | Classplus' latest valuation implies a 21.4x revenue multiple ($600M valuation on $28M of revenue). |
| Which companies are comparable to Classplus? | Companies comparable to Classplus include Amplify Education, LEAD, PAPER, FLOWSPARKS, Getcourse.ru and Docebo. |
| How many companies has Classplus acquired? | Classplus has acquired 2 companies, including Saarthi and Merak Software Solutions. |
| How many companies has Classplus invested in? | Classplus has invested in 1 company, including GyanDhan. |
| What was Classplus' last investment? | In June 2025, Classplus invested in GyanDhan's $6M Series A alongside Pravega Ventures. |
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