Thursday, September 29, 2022
HomeInsightFunding Alert Edtech startup Sunstone raises $35 mn in funding

[Funding alert] Edtech startup Sunstone raises $35 mn in funding

Sunstone, one of the leading higher education startup, has raised $35 million in Series C funding round from WestBridge Capital, with participation from Alteria Capital.
Ashish Munjal and Piyush Nangru, co-founders of Sunstone

Sunstone, one of the leading higher education startup, has raised $35 million in Series C funding round from WestBridge Capital, with participation from Alteria Capital.

The startup plans to use the funds to expand into new programs with a main focus on undergraduate technical programs.

Gurgaon-based Sunstone was founded in 2019 by Ashish Munjal and Piyush Nangru, It has tied up with colleges and private universities through higher education programmes.

Read also – [Funding alert] Coffeee.io raises Rs 4.7 Cr in pre seed round

The company works with corporates to develop industry-ready programs for both postgraduate and undergraduate students.

“The Indian higher education system is at the brink of a long overdue transformation. Sunstone is well positioned to enable this change and impact the lives of millions of students. Over the years, we have made significant strides in the direction but still have a long way to go as the market opportunity and problem we’re trying to solve for, is very large”, said, Ashish Munjal, Co-founder and CEO, Sunstone.

The company claims to have a presence in 35 cities and has tied up with 40 institutions and aims to build capacity in 100 cities over the next two years.

Starting with postgraduate management education, the company first entered undergraduate programs in 2022. It has registered an astonishing 10X growth in the last two years.

“Over the last year, we have seen Sunstone grow and continue to upgrade the quality of education provided to every student. Seeing the ever increasing demand and its potential to be a major disruptor, we are excited to double down our investment to support its mission of transforming the higher education sector in India”, said, Sandeep Singhal, Managing Partner, WestBridge Capital.

About Sunstone

Sunstone is a leading higher education service provider that works with academic institutions in up-skilling students for employability.

Sunstone offers career-oriented training interventions for undergraduate and postgraduate students at 30+ institutions across 25 cities. Sunstone’s training programs are industry endorsed to enhance employability.

These programs are designed for hybrid delivery with unparalleled focus on soft skills and personality development. Sunstone’s focus is to provide students with holistic educational experience.

RELATED ARTICLES
- Advertisment -

Most Popular

- Advertisment -

Also Read

- Advertisment -
Newsletter

Subscribe to our weekly newsletter and don't forget to check out the latest updates.