Classplus
Founded
in 2015
by
Mukul Rustagi and Bhaswat Agarwal

Classplus is perhaps amongst the few Blume portfolio companies that was the result of an outbound, and not the traditional inbound intro. In early 2019, Sajith Pai was evolving his edtech thesis; one of the key themes in his thesis was that the next great edtech startup would not be a B2C player, for CACs (customer acquisition costs were going through the roof) but infact a B2B2C player who was able to aggregate customers indirectly and could sell test prep and / or tuition to them. He chanced upon a Forbes India article that profiled Classplus.
Sajith Pai
Partner
“At Blume, we are excited by Mukul and Bhaswat’s vision of a platform that empowers the hundreds of thousands of tuition and test prep centres throughout India to better serve their students, thereby enhancing learning for students, and improving earning opportunities for these entrepreneurs who run these tuition and test prep centres”,The Pandemic
The Coronavirus pandemic and the series of lockdowns across India spur Classplus’s growth with the number of institutes doubling in 5months and number of students quadrupling. The growth spurt leads to AWI leads a $10m round Series A extension round. They now add a coaching centre every fifteen minutes.
Saurav Ganguly as a brand ambassador
Saurav Ganguly comes on board as the brand ambassador. Classplus releases their first TV commercial shortly.
Classplus
Founders
Blume Partner
Co-investors
- Times Internet
- Spiral Ventures
- Sequoia Capital
- Strive VC
- Tiger Global
- Alpha Wave Global
- RTP Global
- GSV Ventures
- Falcon Edge Capital
- Sequoia Surge
- Gree Ventures
- Matrix Partners India
- Chimera
- TRP
- LetsVenture
- Owl Ventures
- Pivot Ventures
- QED Innovation
- Milestone Trusteeship Services
- Neev