Edtech startup Classplus, which helps educators and content creators launch online courses, has raised $70 million in its latest round of funding co-led by Alpha Wave Global and Tiger Global.
Classplus’ valuation is estimated to be roughly $600 million after the latest funding round.
The new round of growth capital comes only eight months after the company mopped up $65 million in June last year.
As part of the latest round, Abu Dhabi-based Chimera Ventures has come in as a new investor while existing backer RTP Global has doubled down and participated in the financing.
According to the company, it will deploy the fresh funds to expand its presence globally, while investing in new acquisitions and partnerships.
Founded in 2018 by Mukul Rustagi and Bhaswat Agarwal, Classplus is a software platform that allows educators and content creators to build their online presence, digitize their offline tuition centers and sell their courses online.
The company claims it has seen adoption from educators serving the kindergarten to grade 12 (K-12) as well as exam prep categories.
Even non-academic content creators from sectors such as fitness, lifestyle, personal finance, language training, and programming have joined the platform, the company said.
Read more on Tech Gist Africa:
Enterprise software firm Locofy.ai bags $3 Million in Funding
SaaS startup Zocket Raises $3 million in a funding round
Global study-abroad platform, Leverage Edu Raises $22 million