Classplus
Classplus is an Indian educational technology (edtech) startup headquartered in Noida, Uttar Pradesh, India. It offers a mobile-first SaaS platform that enables educators and coaching institutes to digitize their business operations. Founded in 2018 by Mukul Rustagi and Bhaswat Agarwal, the platform helps tutors to manage their classes, conduct live sessions, distribute content, and handle payments.
 Classplus Logo | |
| Company type | Private |
|---|---|
| Industry | Edtech, SaaS |
| Founded | 2018 |
| Founders | Mukul Rustagi, Bhaswat Agarwal |
| Headquarters | Noida, Uttar Pradesh , India |
Area served | India |
| Services | Mobile-first SaaS platform for educators |
| Website | classplusapp.com |
History
Classplus was founded in 2018 by Mukul Rustagi and Bhaswat Agarwal to bridge the gap between offline coaching centers and digital learning. The platform allows educators to create and sell courses, manage their student database, and communicate through a single mobile application. [1]
During the COVID-19 pandemic, Classplus witnessed significant growth as traditional coaching centers sought digital transformation. [2]
Services
Classplus offers the following services:
- Custom-branded apps for educators
- Online test creation and grading
- Fee management
- Video hosting and live classes
- Content distribution
- Performance analytics
Funding
Classplus has raised multiple rounds of funding to support its rapid expansion and technological development.
| Date | Round | Amount | Lead Investors |
|---|---|---|---|
| July 2021 | Series C | $65 million | Tiger Global, GSV Ventures, Alpha Wave Global |
| March 2021 | Series B | $30 million | Alpha Wave Incubation, RTP Global |
| May 2020 | Series A | $9 million | Blume Ventures, Sequoia Surge |
| September 2019 | Pre-Series A | $2.5 million | Blume Ventures, Surge by Sequoia Capital |
Growth and Impact
Classplus has onboarded over 100,000 educators and tutors across 3,000+ cities in India. The platform has empowered local coaching institutes to expand their reach through digital means. [3]
In 2023, Classplus launched several new features including AI-powered content recommendations and live class analytics. [4]
Challenges
Classplus faces competition from established players in the edtech sector like Byju's, Unacademy, and Vedantu. The company’s primary challenge remains penetrating rural markets where digital literacy is low. [5]
Recognition
Classplus has been recognized as one of the fastest-growing SaaS platforms in the Indian edtech space. In 2022, it was featured in the list of "Top 50 Innovative Startups" by YourStory. [6]
Controversies
In 2023, Classplus faced criticism for data security issues, which the company addressed by implementing enhanced encryption protocols. [7]
See Also
References
- ↑ Singh, Vikas (2021-04-10). "Classplus: The EdTech Startup Revolutionizing Online Coaching in India". YourStory. Retrieved 2023-11-15.
- ↑ Gupta, Ravi (2020-06-15). "Classplus Grows 300% During COVID-19 With Virtual Coaching Tools". The Economic Times. Retrieved 2023-11-15.
- ↑ Verma, Anushka (2022-11-02). "Classplus Revolutionizes Coaching Industry with Mobile Platforms". Business Standard. Retrieved 2023-11-15.
- ↑ Sharma, Pooja (2023-05-15). "Classplus Introduces AI-Powered Features for Educators". Inc42. Retrieved 2023-11-15.
- ↑ Shukla, Vandana (2021-12-20). "Classplus Competes With EdTech Giants To Lead The Market". Mint. Retrieved 2023-11-15.
- ↑ Sharma, Meera (2022-08-15). "Classplus Makes it to the Top 50 Innovative Startups of India". YourStory. Retrieved 2023-11-15.
- ↑ Raj, Deepa (2023-06-10). "Classplus Resolves Data Security Concerns Following Criticism". Hindustan Times. Retrieved 2023-11-15.