15.1 C
London
Wednesday, October 5, 2022

Edtech startup Sunstone raises $35 million in funding round led by WestBridge Capital

Must read

A student was murdered at a Purdue University residence. His roommate is incarcerated.

A Purdue University student will be charged with murder after his roommate was murdered at an Indiana campus residence, according to the school's police...

Limit reached – Join the EU Startups CLUB

€147/quarter This option is ideal for companies and investors who want to keep up to date with Europe's most promising startups, have full access...

The Antler Investor Memo: Wellbase Keeps Employees Healthy and Happy

Early stage investment firm Antler Australia recently supported 13 startups as part of its ongoing program to build great local tech companies. For...

Elon’s biggest Twitter question about free speech is in the courts, not the platform

In April, Elon Musk wanted to buy Twitter to save free speech. Now he's apparently buying Twitter again, and it raises questions about...
Shreya Christinahttps://londonbusinessblog.com
Shreya has been with londonbusinessblog.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider londonbusinessblog.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

As edtech startups and unicorns lay off workers during funding winter, Gurugram-based is higher education platform sunstone on Friday said it has raised $35 million (about Rs 280 crore) in a Series C financing led by WestBridge Capital.



Sunstone, founded by Ashish Munjal and Piyush Nangru in 2019, had raised $28 million by October 2021.

The startup said it will use the latest funding to expand into new programs with a major focus on undergraduate engineering programs.

“The Indian higher education system is on the cusp of a much anticipated transformation. Sunstone is well positioned to enable this change and impact the lives of millions of students,” said Munjal, co-founder and CEO.

The latest funding round also saw participation from Alteria Capital.

The company, with presence in more than 35 cities in more than 40 institutions, is building capacity to expand to 100 cities across the country.

Sunstone began postgraduate management education and ventured into undergraduate programs in 2022, growing 10 times over the past two years.

“Given the ever-increasing demand and the potential to be a major disruptor, we are excited to double our investment to support (Sunstone’s) mission to transform India’s higher education sector,” said Sandeep Singhal , Managing Partner, West Bridge Capital.

Sunstone said its training programs are endorsed by the industry to increase employability, designed for hybrid delivery with a focus on soft skills and personality development.

ALSO SEE :

India’s first electric double-decker bus launched in Mumbai; to promote sustainability in the transport sector

Why is the melting of the polar ice important for India?

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

A student was murdered at a Purdue University residence. His roommate is incarcerated.

A Purdue University student will be charged with murder after his roommate was murdered at an Indiana campus residence, according to the school's police...

Limit reached – Join the EU Startups CLUB

€147/quarter This option is ideal for companies and investors who want to keep up to date with Europe's most promising startups, have full access...

The Antler Investor Memo: Wellbase Keeps Employees Healthy and Happy

Early stage investment firm Antler Australia recently supported 13 startups as part of its ongoing program to build great local tech companies. For...

Elon’s biggest Twitter question about free speech is in the courts, not the platform

In April, Elon Musk wanted to buy Twitter to save free speech. Now he's apparently buying Twitter again, and it raises questions about...