WestBridge Capital Invests INR 170 Cr in Elevate Education
The edtech platform plans to use the capital to enhance tech and AI capabilities.
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Elevate Education, earlier known as Sunstone, has raised INR 170 crore in a series D funding from WestBridge Capital.
The latest fundraise follows series C round in August 2022 when the company secured USD 35 million. WestBridge Capital led the series C round while existing investor Alteria Capital also joined in.
Founded in 2019 by Ashish Munjal, Ankur Jain and Piyush Nangru, the Gurugram-based Elevate Education partners with academic institutions to help students. According to its LinkedIn page, the company has onboarded 20,000+ learners across 25+ institutions in 15+ cities.
The latest capital will be deployed towards enhancing its technology and AI capabilities, increase student base to 60,000, and more than double the number of partner institutions.
“India’s higher education system is at an inflection point. The future of higher education will not be defined by who awards the degree, but by who delivers the best learner outcomes. As AI reshapes industries and employer expectations evolve, institutions need to continuously reinvent how students learn, build skills, and prepare for careers,” said Ashish Munjal, co-founder and chief executive officer of Elevate Education, in a statement.
“We believe Elevate Education is addressing an important opportunity in India’s education ecosystem by improving the quality and relevance of learning at scale. We believe the company is well positioned for long-term growth,” said Sandeep Singhal, Co-founder and Managing Partner, WestBridge Capital, added.
Elevate Education, earlier known as Sunstone, has raised INR 170 crore in a series D funding from WestBridge Capital.
The latest fundraise follows series C round in August 2022 when the company secured USD 35 million. WestBridge Capital led the series C round while existing investor Alteria Capital also joined in.
Founded in 2019 by Ashish Munjal, Ankur Jain and Piyush Nangru, the Gurugram-based Elevate Education partners with academic institutions to help students. According to its LinkedIn page, the company has onboarded 20,000+ learners across 25+ institutions in 15+ cities.
The latest capital will be deployed towards enhancing its technology and AI capabilities, increase student base to 60,000, and more than double the number of partner institutions.
“India’s higher education system is at an inflection point. The future of higher education will not be defined by who awards the degree, but by who delivers the best learner outcomes. As AI reshapes industries and employer expectations evolve, institutions need to continuously reinvent how students learn, build skills, and prepare for careers,” said Ashish Munjal, co-founder and chief executive officer of Elevate Education, in a statement.
“We believe Elevate Education is addressing an important opportunity in India’s education ecosystem by improving the quality and relevance of learning at scale. We believe the company is well positioned for long-term growth,” said Sandeep Singhal, Co-founder and Managing Partner, WestBridge Capital, added.
