Startup Profile
Classplus
Legal entity: BeWise Education Technologies Private Limited
Branded apps and SaaS tools for India's tutors and coaching educators
Funding raised
₹1328.00 Cr
Total disclosed
Latest valuation
₹4980.00 Cr
Most recent round
Latest revenue
₹45.40 Cr
FY FY22
Employees
—
FY FY22
Founders
- Mukul Rustagi
Co-founder and CEO of Classplus. IIT Roorkee graduate (BTech, 2013) who worked as a financial derivatives analyst at Futures First before entering edtech.
- Bhaswat Agarwal
Co-founder of Classplus. NSIT graduate (2013) who worked as a technology strategist at Microsoft before co-founding the company.
Funding rounds
- Series D2022-03-28₹581.00 CrLed by Alpha Wave Global and Tiger Global
- Series C2021-06-01₹539.50 CrLed by Tiger Global
- Series B2020-09-01₹83.00 CrLed by Alpha Wave Incubation
- Series A2020-05-01₹74.70 CrLed by RTP Global
Financials
MCA / self-reported| Fiscal year | Revenue | Profit / (Loss) | Employees |
|---|---|---|---|
| FY22 | ₹45.40 Cr | — | — |
| FY23 | ₹149.20 Cr | (₹256.00 Cr) | — |
| FY24 | ₹264.00 Cr | (₹110.40 Cr) | — |
The full story
Rich-text rendering of long_story is wired in the design pass.
Timeline
- 2024Revenue doubles, losses cut 57% in FY24 — Operating revenue doubled to 213 crore rupees in FY24 while net loss narrowed 57 percent to about 110 crore rupees.
- 2022-03$70M Series D at ~$600M valuation — Raised 70 million dollars co-led by Alpha Wave Global and Tiger Global, more than doubling valuation to roughly 600 million dollars.
- 2021-06$65M Series C led by Tiger Global — Raised 65 million dollars led by Tiger Global at a valuation estimated around 200 million dollars, with GSV Ventures, Blume, RTP Global and Alpha Wave Incubation participating.
- 2018Classplus founded — Mukul Rustagi and Bhaswat Agarwal launch Classplus, a B2B SaaS platform giving tutors and coaching institutes their own branded apps.