Students nowadays need a number of tutors for almost each and every subject. Sometimes there is a lack of time for the learners to manage. Sometimes also there is a shortage of desired tutors. Or maybe after a period of time, the learners want to switch. There are various kinds of problems found in these cases.
For each and every problem a solution is always created. Just finding is the task in this case. Classplus is a coaching management program that helps to digitise coaching class operations. Classplus also provides a personalised multimedia educational content for its students. Read the Classplus success story below to know more.
Company Highlights
| Startup Name | Classplus |
|---|---|
| Headquarter | Noida, India |
| Founders | Mukul Rustagi, Vatsal Rustagi, Bikash Dash, Nikhil Goel and Bhaswat Agarwal |
| Founded | 2015 |
| Sector | EdTech |
| Website | classplusapp.com |
Classplus - About
Classplus - Founders
Classplus - Startup Story
Classplus - How The App Works?
Classplus - Tagline, Slogan And Logo
Classplus - Funding And Investors
Classplus - Growth
Classplus - Competitors
Classplus - Future Plans
Classplus - About
Classplus is a mobile-first SaaS platform. It enables private coaching institutions and their tutors to streamline their content distribution, payments, communication and online assessments through the app. Classplus is providing the best coaching institute management software and mobile application for coaching institutes, tuition centres etc. The app is having all innovative teachers within it to promise the learners a self-reliant future.
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Classplus - Founders
Mukul Rustagi, Vatsal Rustagi, Bikash Dash, Nikhil Goel and Bhaswat Agarwal are the founders of Classplus.
- Mukul Rustagi is the founder and also the chief executive officer at Classplus. He has pursued his Bachelor's Degree from Indian Institute of Technology, Roorkee.
- Vatsal Rustagi is one of the founders of Classplus. He pursued his Bachelor's Degree from Delhi College of Engineering. Presently, he is at Happay.
- Bikash Dash is also one of the founders of Classplus. He pursued his B.Tech in Computer Science from College of Engineering, Bhubaneswar. Presently, he is the Growth Engineer at LocoNav.
- Nikhil Goel is one among the founders of Classplus. He pursued his BSE in Computer Engineering from Vanderbilt University. Presently he is the one among the founding members of Uber Elevate.
- Bhaswat Agarwal is the co-founder at Classplus. He pursued his B.E. in Electronics and Communication from Netaji Subhas Institute of Technology. Currently, he is looking after the operations and products of Classplus.
Classplus - Startup Story
Mukul Rustagi and Bhaswat Agarwal both used to study at the same coaching centre. But it was shut for 10 months before the JEE exam. This incident played a major role in Classplus's history.
A few years later founders spoke to their juniors and realised that nothing has changed yet. They thought that internet consumption is high. Something should be done in the education sector. Today, Classplus is the result of that something.
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Classplus - How The App Works?
One can log in in three modes. As a tutor, student and parent. Once logged in as a tutor, he/she can create his/her own batches, add students, share notices and also assign tests on the platform. Objective questions are automatically corrected. Here feedback is given in the form of reports. Analytics is given to the parents and the tutors. For subjective questions, students are supposed to click a picture of the answer written or the diagram. These are to send it to the tutor.
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Classplus - Tagline, Slogan And Logo
The tagline of Classplus is dedicated to all the Coaching institutes. It is Empowering teachers to go online. The main focus of Classplus is to nurture the students here.
Classplus logo uses three different kinds of colours. Those are sky blue, brilliant blue and black.
Classplus - Funding And Investors
Classplus has raised a total amount of $14 Million in funding over the 7 rounds.
| Date | Transaction Name | Money Raised | Lead Investor |
|---|---|---|---|
| May 4, 2020 | Series A | $9 Million | RTP Global |
| February 11, 2020 | Venture Round | $2.5 Million | Blume Ventures and Sequoia Capital India |
| October 10, 2019 | Venture Round | - | Surge |
| May 9, 2019 | Venture Round | $1.6 Million | - |
| February 5, 2019 | Seed Round | $420,000 | - |
| November 1, 2018 | Seed Round | $500,000 | - |
| September 14, 2017 | Angel Round | - | Rising Stars |
Classplus is funded by 16 investors. Surge and Spiral Ventures are the recent investors.
Classplus - Growth
According to Entrackr's calculation, Classplus will be valued at nearly Rs 300 crore in the post-Series A round. There will be comparisons between the last funding type and the to be funding type round. Now Classplus is having more than 500000 users and more than 3000 teachers on their platform. Classplus is setting things towards raising a sum of $73 crores. It will be led by Blume Ventures, Spiral Ventures, Strive Investment Partnership and Sequoia Surge Ventures. RTP Global has set things to invest a sum of around Rs. 30.16 crores. While Surge Ventures have planned to put an amount of Rs. 15.08 crores.
Classplus - Competitors
Classplus's top competitors are Ethena, Learn In, Aanaab and BabySparks.
- Ethena is a company that develops a training platform to improve corporate culture and decrease gender harassment and hostility towards women employees in workplaces.
- Learn In is the first upskilling as a service startup that helps companies to manage learning sabbaticals and also earning while learning.
- Aanaab is a company that offers online courses in Arabic for teachers and educators to help them improve their skills in various fields.
- BabySparks is a company whose motto is to develop and support activities early in an innovative way.
Classplus - Future Plans
The aim of Classplus is to bring progress in a child's life in the areas of knowledge and learning. It's also aiming towards bringing more new options for its users. It's simplifying tutoring. It has witnessed a number of downloads and the team is heading towards to earn more in numerous ways and fields.
Author: Purbalee Dutta
Source : https://startuptalky.com/classplus-success-story/
Date : 2020-09-21T16:27:49.000Z