Edtech startup Sunstone raises $35 million in Series C funding led by WestBridge Capital
Sunstone, a higher education business that works with academic institutions to help students gain employability skills, has raised $35 million in a fresh funding round as it tries to expand to more Indian cities. Sunstone’s founders announced on Friday that WestBridge Capital led the startup’s Series C funding round. Alteria Capital also contributed to the round, bringing its total funding to over $68 million.
There are thousands of management colleges and institutes in India, but most are unable to attract enough students, except those at the top of the rankings. Their curricula are frequently out of date, and they struggle to place their pupils in jobs.
Sunstone, which was founded in 2019, is tackling these difficulties by providing students with a wide selection of supplementary courses and assisting them in finding jobs, according to its co-founder Piyush Nangru. “The colleges have a 40% occupancy rate. It’s similar to perishable inventory for them, preventing them from amassing resources and, as a result, lowering educational quality,” he explained. “We collaborate with these schools to provide students with upskilling and soft-skill courses, as well as campus-life programs, to improve their educational quality.”
Sunstone raises $35 million in Series C funding led by WestBridge Capital. Congratulations to the entire team. I wish you great success in this endeavour.Shishir Gupta, Founder and CEO, StartupLanes
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