Class24, a leading best online learning platform in India dedicated to providing the best preparation resources for government job exams, has announced the completion of a pre-Series A round of funding at a valuation of $10 million (over ₹81.98 crores). The round was led by Plutus Wealth Management LLP and its Managing Partner, Arpit Khandelwal.
Founded by Bhunesh Sharma in July 2022, Class24 is a hybrid learning platform which provides online & offline learning solutions to K12, competitive exams/test preparation and skill development aspirants. The startup aims to endow students and job seekers with a common platform to study so that they may get prepared for various competitive exams. It also offers a wide range of high-quality programs designed to cater to the unique learning needs of students. Its courses are structured to provide subject-wise and exam-wise preparation, ensuring comprehensive coverage of all relevant topics. To make the learning experience engaging and interactive, Class24’s courses feature a variety of learning modes, including video lessons and interactive quizzes.
Speaking about the company, Founder & CEO of Class24, Bhunesh Sharma, said:
Traditional educational models often need help to adapt to the changing needs of students and educators. As a result, innovative startups like class24 have emerged to bridge the gap between traditional education and technological advancements, offering a range of accessible and personalized learning experiences/solutions that empower learners and teachers alike. Unlike its peers, Class24 has been rapidly scaling up in just one year owing to its sharp focus on in-house training, premium content, strong internal processes & systems instead of basing the company’s foundations on only Educators. Class24 has reached over 1.3 million student app downloads in just one year.
The company provides a well-structured module-based approach for students enrolled in paid courses. Each module focuses on specific topics, accompanied by practice exercises, mock tests, and regular quizzes. These resources help students reinforce their understanding, develop critical thinking skills, and enhance problem-solving abilities. Its team of educators is dedicated to assisting students throughout their learning journey, providing expert knowledge and personalized attention to help them achieve their academic goals.
This achievement marks a significant milestone in the company’s journey, which is poised to accelerate its expansion plans and further enhance its innovative tech-backed solutions/platform to shape the future of education in India. The funds will be instrumental in fuelling product development, expanding offline schools & colleges network/collaborations, and attracting top talent to drive innovation.
Arpit Khandelwal, Managing Partner of Plutus Wealth Management LLP, commented:
Class24 is well placed with its experienced team, sustainable expansion strategy and win-win approach for its partners to scale up aggressively in edtech in India. We are excited to participate with the highly seasoned team of Class24 in its transformative tech-based journey.
Bhunesh had previously co-founded Wifistudy (one of Asia’s largest educational youtube channels), which another leading EdTech company acquired in 2018.