The surge in interest experienced by edtech players in the past few months is truly astounding. As schools struggle to reopen, parents are happy keeping their children indoors, in front of a smartphone or a laptop. Private equity and VC funding in edtech sector in India has shot up to $1.5 billion as of September 2020 – a 4x increase over investments in 2019! A survey by 100X. VC, a sector-agnostic early stage investment platform, found edtech to be one of the most preferable sectors in India for investors.
India has one of the largest student populations in the world. As per IBEF’s Indian Education Sector Industry Report of August 2020, India has already become the second largest market for
The Series A funding round was led by early-stage investor Saama Capital along with participation from Ashish Gupta of Helion Advisors, Pankaj Bansal of PeopleStrong and existing investors Prime Venture Partners, Rajul Garg and Purvi Capital
Grow Your Business, Not Your Inbox
Stay informed and join our daily newsletter now!
3 min read
Opinions expressed by Entrepreneur contributors are their own.
You’re reading Entrepreneur India, an international franchise of Entrepreneur Media.
Edtech startup Sunstone Eduversity has raised INR 24 crore in Series A funding round led by early-stage investor Saama Capital.
The round also saw participation from Ashish Gupta, managing director of Helion Advisors, Pankaj Bansal, co-founder and chief executive officer of PeopleStrong along with existing investors Prime Venture Partners, Rajul Garg and Purvi Capital.
Founded in 2014 by IMT alumni Ashish Munjal and Piyush Nangru, Sunstone Eduversity offers Pay after Placement—program fees paid only upon successful