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

Classplus Overview

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

IndiaNoida

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
Classplus valuation by funding round
DateStageValuationRevenue Multiple
Mar 2022Series D$600M21.4x
May 2020Series 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

Classplus revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Mar 2022$28M$600M21.4xSeries 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

Classplus funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Mar 2022Series DAlpha Wave Ventures (lead); Tiger Global (lead); Chimera Investment; RTP Global$70M$600MClassplus 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 2021Series CBlume Ventures (lead); Tiger Global (lead); Alpha Wave Incubation; GSV Ventures; RTP Global$36M--
Sep 2020Series AAlpha Wave Global (lead); Blume Ventures; RTP Global$10M--
May 2020Series ARTP Global (lead); STRIVE; Blume Ventures; Spiral Ventures; Peak XV Partners$9M$2.3BClassplus, 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 2020SeedBlume Ventures (lead); Peak XV Partners (lead); Eric Kwan; Kunal Shah$3M--
May 2019SeedSTRIVE; Rising Stars; Times Internet; Spiral Ventures$2M--
Nov 2018SeedManish 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

Investors in Classplus by funding rounds participated
InvestorHQRoundsRoleFirst check
Blume VenturesIndiaMumbai4LeadFeb 2020
RTP GlobalUnited KingdomLondon4LeadMay 2020
STRIVEJapanTokyo2ParticipantMay 2019
Rising StarsUnited KingdomLondon2ParticipantNov 2018
Tiger GlobalUnited StatesNew York City, NY2LeadJun 2021
Spiral VenturesSingaporeSingapore2ParticipantMay 2019
Peak XV PartnersIndiaBangalore2LeadFeb 2020
Manish AminIndiaGurgaon1ParticipantNov 2018
Alpha Wave VenturesUnited StatesMiami, FL1LeadMar 2022
Times InternetIndiaGurgaon1ParticipantMay 2019
Alpha Wave IncubationUnited StatesNew York City, NY1ParticipantJun 2021
Chimera InvestmentUAEAbu Dhabi1ParticipantMar 2022
GSV VenturesUnited StatesSan Francisco, CA1ParticipantJun 2021

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Acquisitions 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

Saarthi
Merak Software Solutions
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 CountryIndiaIndia
HQ City
Bangalore
Bangalore
Deal Date1 Nov 202117 Jun 2020
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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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

GyanDhan
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 CountryIndia
HQ City
New Delhi
Deal Date3 Jun 2025
RoundSeries A
Raised$6M
InvestorsPravega Ventures
Valuation$20M
EV/Revenue
EV/EBITDA

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Classplus Competitors

Classplus competitors include listed companies like FLOWSPARKS and Docebo, and private ones like Amplify Education, LEAD, PAPER and Getcourse.ru.

Public and private companies comparable to Classplus
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Amplify EducationUnited StatesNew York City, NYPrivate--$781M-
LEADIndiaMumbaiPrivate--$1.1B-
PAPERCanadaMontrealPrivate--$1.2B-
FLOWSPARKSBelgiumBelgiumPublicly listed$12M$3M$57M-
Getcourse.ruRussiaMoscowPrivate--$600M-
DoceboCanadaCanadaPublicly listed$243M$26M$594M2.4x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Docebo$243M$26M2.6x2.4x24.8x12.3x
Jiangsu Chuanzhiboke$57M($7M)8.9x6.3x(67.8x)-
Gaotu Techedu$917M($38M)0.2x0.2x(4.3x)(33.7x)
Shenzhen Fangzhi Science$14M$3M28.2x-118.5x-
American Public Education$649M$64M1.1x1.1x11.6x7.8x
D2L$217M$17M1.3x1.2x16.7x8.3x
NIIT Learning Systems$204M$42M1.3x1.2x6.1x6.0x
Qibu$24M($16M)15.3x-(23.0x)-

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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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