Classplus, a privately owned Indian company founded in 2018, develops software for online coaching. Its platform assists educators in content creation, monetization, and student acquisition. As of 2023, the company employed approximately 710 people and generated revenue of around $25 million.
Classplus participated in a funding round for GyanDhan, a New Delhi-based education financing platform, on an unspecified date. This investment of INR 50 crore, led by Classplus and Pravega Ventures, represents Classplus's first strategic investment outside its core edtech operations. GyanDhan plans to use the funds to expand its consultant network, improve technology for student financing, and increase its reach across India. GyanDhan has already facilitated over Rs 1000 crore in education loans. Classplus's involvement in the edtech sector began during the pandemic, a period which saw significant funding in the Indian edtech market, totaling $4.73 billion in 2021. OG Capital's investment strategy, which includes investment in over 20 promising companies, is also mentioned, though no direct connection to Classplus is specified.
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