Tiger Global To Invest $30 Million In Classplus
Tiger Global, an investment major, in collaboration with Ed-tech start-up, Classplus for a potential $30 Million funding. This round will include primary investment as well as secondary transactions. The start-up will have a value of $250 Million post this funding.
Prior to this, the platform raised $30 Million from a round led by GSV ventures. Earlier in 2020 September, $10.3 Million was raised by them from Falcon Edge’s AWI, and star cricketer Saurav Ganguly, as well as Blume Ventures and RTP Global.
However, the new round is yet to be closed. Thus, the terms of engagement may differ.
Classplus dedicatedly works in getting hyperlocal coaching centres aboard their platform. In this way, they can provide digital education to the thousands and lakhs of students who are missing school due to the pandemic. It is a platform for teachers and educators too with the intention of expanding the reach of their institute.
These are small and medium coaching centres that are usually run by the teachers themselves. It is a Shopify-like platform that offers discoverability to local coaching institutes and teachers.
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