Classplus Startup Story- Taking Care Of Learners Digitally

Purbalee Dutta Purbalee Dutta
Jul 6, 2021 6 min read
Classplus Startup Story- Taking Care Of Learners Digitally

Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Classplus.

Students nowadays need a number of tutors for almost each and every subject. Sometimes there is a lack of time for the learners to manage. Sometimes there is a shortage of desired tutors. Or maybe after a period of time, the learners want to switch. There are various kinds of problems found in these cases. For each and every problem a solution is always created. Just finding is the task in this case. Classplus is a coaching management program that helps to digitize coaching class operations. Classplus also provides a personalized multimedia educational content for its students.

With the latest funding round in June 2021, Classplus is valued at $140 Million. Know the Classplus success story below to know more. Let's go through the Journey of Classplus along with a glance on Classplus Business Model, How it Started, Funding, Competitors, founder & more...

Classplus - Company Highlights

Startup Name Classplus
Headquarters Noida, India
Founders Mukul Rustagi, Vatsal Rustagi, Bikash Dash, Nikhil Goel and Bhaswat Agarwal
Founded 2015
Industry Edtech
Total Funding $89.5 Million
Valuation $250 Million (2021)
Website classplusapp.com

Classplus - Latest News
Classplus - About
Classplus - Founders
Classplus - Startup Story
Classplus - Tagline, Slogan And Logo
Classplus - Business Model and Revenue Model
Classplus - Funding And Investors
Classplus - Growth
Classplus - Competitors
Classplus - Future Plans
Classplus - FAQs

Classplus - Latest News

June 24, 2021 - In the latest Series C round of investment, Classplus has successfully raised around $65 million. This round has been led by Tiger Global. Some other participants who followed were GSV Ventures, Falcon Edge’s AWI, Blume Ventures, and RTP Global.

June 15, 2021 - Classplus has raised INR 220 crore ($30 million) led by GSV Ventures Fund. This has raised Classplus' valuation between INR 1,000 crore to 1,030 crore or $140 million.

Classplus - About

Classplus is a mobile-first SaaS platform. It enables private coaching institutions and their tutors to streamline their content distribution, payments, communication and online assessments through the app. Classplus is providing the best coaching institute management software and mobile application for coaching institutes, tuition centers etc. The app is having all innovative teachers within it to promise the learners a self-reliant future.


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Classplus - Founders

Mukul Rustagi, Vatsal Rustagi, Bikash Dash, Nikhil Goel and Bhaswat Agarwal are the founders of Classplus.

Classplus Case study
Bhaswat Agarwal (left) and Mukul Rustagi (right) - Classplus Founders

Mukul Rustagi

He is the founder and also the chief executive officer at Classplus. He has pursued his Bachelor's Degree from Indian Institute of Technology, Roorkee.

Vatsal Rustagi

He is one of the founders of Classplus. He pursued his Bachelor's Degree from Delhi College of Engineering. Presently, he is at Happay.

Bikash Dash

He is also one of the founders of Classplus. He pursued his B.Tech in Computer Science from College of Engineering, Bhubaneswar. Presently, he is the Growth Engineer at LocoNav.

Nikhil Goel

He is one among the founders of Classplus. He pursued his BSE in Computer Engineering from Vanderbilt University. Presently he is the one among the founding members of Uber Elevate.

Bhaswat Agarwal

He is the co-founder at Classplus. He pursued his B.E. in Electronics and Communication from Netaji Subhas Institute of Technology. Currently, he is looking after the operations and products of Classplus.

Classplus - Startup Story

Mukul Rustagi and Bhaswat Agarwal both used to study at the same coaching centre. But it was shut for 10 months before the JEE exam. This incident played a major role in Classplus's history.

A few years later founders spoke to their juniors and realized that nothing has changed yet. They thought that internet consumption is high. Something should be done in the education sector. Today, Classplus is the result of that something.


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Classplus Business Model and Revenue Model

The Business model of Classplus is based on subscription fee. The Classplus platform charges subscription fees for its software suite, which handles class communication, payments, assessments, online learning programmes and attendance, thereby reducing their time spent on management activities and focusing more on classroom teaching, which ranges from INR 13,000 - INR 50,000 on per annum basis depending on the service required. One wishing to join Classplus can book a free demo to see how Classplus can help boost the business.

How Classplus App Works?

The Classplus mobile application brings tutors, students and parents on a single platform which results in better communication and tracking of the education of a student.

  • One can log in in three modes. As a tutor, student and parent.
  • Once logged in as a tutor, he/she can create his/her own batches, add students, share notices and also assign tests on the platform.
  • Objective questions are automatically corrected. Here feedback is given in the form of reports.
  • Analytics is given to the parents and the tutors.
  • For subjective questions, students are supposed to click a picture of the answer written or the diagram. These are to send it to the tutor.

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The tagline of Classplus is dedicated to all the Coaching institutes. It is Empowering teachers to go online. The main focus of Classplus is to nurture the students here.

Classplus Logo

Classplus - Funding And Investors

Classplus funding details are as follows -

Date Transaction Name Money Raised Lead Investor
June 2021 Series C Round $65 Million Tiger Global, GSV Ventures, Falcon Edge’s AWI, Blume Ventures and more
June 2021 - $30 Million GSV Ventures Fund
September 2020 Series A $10 Million Alpha Wave Incubation, RTP Global, Blume Ventures
May 4, 2020 Series A $9 Million RTP Global
February 11, 2020 Venture Round $2.5 Million Blume Ventures and Sequoia Capital India
October 10, 2019 Venture Round - Surge
May 9, 2019 Venture Round $1.6 Million Times Internet, GREE Ventures, others
February 5, 2019 Seed Round $420,000 -
November 1, 2018 Seed Round $500,000 -
September 14, 2017 Angel Round - Rising Stars

Classplus - Growth

Today, Classplus has more than 50,000 educators, and coaching institutes that serve over 10 million students. During the pandemic, it also launched Classplus Lite, a free mobile app for tutors with a small student base, which has over 500,000 users now.

Classplus - Competitors

Classplus's top competitors are Ethena, Learn In, Aanaab, BabySparks, Unacademy & other giants in the edtech industry.

Classplus - Future Plans

The aim of Classplus is to bring progress in a child's life in the areas of knowledge and learning. It's also aiming towards bringing more new options for its users. Classplus is simplifying tutoring. It has witnessed a number of downloads and the team is heading towards to earn more in numerous ways and fields.

Classplus - FAQs

What is Classplus?

Classplus is a mobile-first SaaS platform. It enables private coaching institutions and their tutors to streamline their content distribution, payments, communication and online assessments through the app.

What is Classplus Business Model?

The Business model of Classplus is based on subscription fee. The Classplus platform charges subscription fees for its software suite & other services, which ranges from INR 13,000 - INR 50,000 on per annum basis depending on the service required.

Who are the founders of Classplus?

Mukul Rustagi, Vatsal Rustagi, Bikash Dash, Nikhil Goel and Bhaswat Agarwal are the founders of Classplus.

Who are the competitors of Classplus?

Classplus's top competitors are Ethena, LearnIn, Aanaab and BabySparks.

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