Noida-based Classplus Is In Talks To Raise USD 25 Million From Tiger Global


An American investment firm, Tiger Global Management, which focuses on public and private companies in industries such as software consumer and fintech, is reported to be in talks with Classplus, an Indian Edtech startup. Tiger Global has turned out to be a chief unicorn maker for Indian startups this year by backing nine out of 15 unicorns that were birthed in 2021 so far.

Apart from investing in growth-stage companies at lofty valuations, it has also been sourcing small size deals. Tiger Global had led under $30 million rounds in Plum, Koo, and CoinSwitch Kuber.

On similar lines, Tiger Global is likely to join the ongoing funding round of edtech startup Classplus. According to three Entrackr sources, Tiger is in late-stage talks to invest around $20-25 million in the Noida-based venture which enables online channels for coaching institutes and educators.

Also, Read This: Live Tutoring Platform Vedantu Seeks To Become Unicorn In A Fresh Funding Round

Classplus had previously raised a $30 million round led by GSV and existing backers such as Falcon Edge. Since May last year, the company has raised $48 million across two institutional rounds. Blume Ventures, Sequoia Capital and Surge are its early institutional backers. 

Classplus develops web and mobile-based tutor enablement applications, which help tutors connect with students and parents. It digitizes offline coaching institutes and teachers by enabling technology, communication, practice tests, payment channels, and learning programs for them. The valuation of the six-year-old company is likely to be in the range of $200-210 million, according to the second source who also requested anonymity as details are private. The company competes with Teachmint and Google-backed Cuemath, among others.

Tiger Global has been an active investor in the edtech space. If the deal gets through, Classplus would be its fourth investment. It is an investor in Byju’s, Unacademy, and Vedantu.

Investor confidence around edtech companies has been strong for a while and the euphoria around the segment is unlikely to subside this year as well. Companies in the space have already cornered over $3.5 billion since the beginning of 2020.




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