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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 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 digitize coaching class operations. Classplus also provides a personalized multimedia educational content for its students.
With the latest funding round in June 2021, Classplus is valued at $140 Million. Know the Classplus success story below to know more. Let's go through the Journey of Classplus along with a glance on Classplus Business Model, How it Started, Funding, Competitors, founder & more...
Classplus - Company Highlights
| Startup Name | Classplus |
|---|---|
| Headquarters | Noida, India |
| Founders | Mukul Rustagi, Vatsal Rustagi, Bikash Dash, Nikhil Goel and Bhaswat Agarwal |
| Founded | 2015 |
| Industry | Edtech |
| Total Funding | $89.5 Million |
| Valuation | $250 Million (2021) |
| Website | classplusapp.com |
Classplus - Latest News
Classplus - About
Classplus - Founders
Classplus - Startup Story
Classplus - Tagline, Slogan And Logo
Classplus - Business Model and Revenue Model
Classplus - Funding And Investors
Classplus - Growth
Classplus - Competitors
Classplus - Future Plans
Classplus - FAQs
Classplus - Latest News
June 24, 2021 - In the latest Series C round of investment, Classplus has successfully raised around $65 million. This round has been led by Tiger Global. Some other participants who followed were GSV Ventures, Falcon Edge’s AWI, Blume Ventures, and RTP Global.
June 15, 2021 - Classplus has raised INR 220 crore ($30 million) led by GSV Ventures Fund. This has raised Classplus' valuation between INR 1,000 crore to 1,030 crore or $140 million.
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 centers etc. The app is having all innovative teachers within it to promise the learners a self-reliant future.
Rishabh Rathi
Classplus - Founders
Mukul Rustagi, Vatsal Rustagi, Bikash Dash, Nikhil Goel and Bhaswat Agarwal are the founders of Classplus.
Mukul Rustagi
He 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
He 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
He 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
He 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
He 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 realized 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.
Chayanika Goswami
Classplus Business Model and Revenue Model
The Business model of Classplus is based on subscription fee. The Classplus platform charges subscription fees for its software suite, which handles class communication, payments, assessments, online learning programmes and attendance, thereby reducing their time spent on management activities and focusing more on classroom teaching, which ranges from INR 13,000 - INR 50,000 on per annum basis depending on the service required. One wishing to join Classplus can book a free demo to see how Classplus can help boost the business.
How Classplus App Works?
The Classplus mobile application brings tutors, students and parents on a single platform which results in better communication and tracking of the education of a student.
- 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.
Chayanika Goswami
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 - Funding And Investors
Classplus funding details are as follows -
| Date | Transaction Name | Money Raised | Lead Investor |
|---|---|---|---|
| June 2021 | Series C Round | $65 Million | Tiger Global, GSV Ventures, Falcon Edge’s AWI, Blume Ventures and more |
| June 2021 | - | $30 Million | GSV Ventures Fund |
| September 2020 | Series A | $10 Million | Alpha Wave Incubation, RTP Global, Blume Ventures |
| 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 | Times Internet, GREE Ventures, others |
| February 5, 2019 | Seed Round | $420,000 | - |
| November 1, 2018 | Seed Round | $500,000 | - |
| September 14, 2017 | Angel Round | - | Rising Stars |
Classplus - Growth
Today, Classplus has more than 50,000 educators, and coaching institutes that serve over 10 million students. During the pandemic, it also launched Classplus Lite, a free mobile app for tutors with a small student base, which has over 500,000 users now.
Classplus - Competitors
Classplus's top competitors are Ethena, Learn In, Aanaab, BabySparks, Unacademy & other giants in the edtech industry.
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. Classplus is simplifying tutoring. It has witnessed a number of downloads and the team is heading towards to earn more in numerous ways and fields.
Classplus - FAQs
What is Classplus?
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.
What is Classplus Business Model?
The Business model of Classplus is based on subscription fee. The Classplus platform charges subscription fees for its software suite & other services, which ranges from INR 13,000 - INR 50,000 on per annum basis depending on the service required.
Who are the founders of Classplus?
Mukul Rustagi, Vatsal Rustagi, Bikash Dash, Nikhil Goel and Bhaswat Agarwal are the founders of Classplus.
Who are the competitors of Classplus?
Classplus's top competitors are Ethena, LearnIn, Aanaab and BabySparks.
Author: Purbalee Dutta
Source : https://startuptalky.com/classplus-success-story/
Date : 2021-07-06T11:04:00.000Z