New Delhi: In an exciting development for the education technology (EdTech) industry, Class24, a promising EdTech startup, has announced the successful completion of a Pre-series A round of funding at a valuation of USD 10 Mn led by Plutus Wealth Management LLP and its Managing Partner, Mr Arpit Khandelwal.
Founded by Mr Bhunesh Sharma in July 2022, Otsadda Private Limited (www.Class24.study ) is a hybrid learning platform which provides online & offline learning solutions to k12, competitive exams/test preparation and skill development aspirants. Previously, Bhunesh had co-founded Wifistudy (one of Asia’s largest educational youtube channels), which another leading edtech company acquired in 2018.
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.
“Traditional educational models have often struggled 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 personalised learning experiences/solutions that empower learners and teachers alike. Unlike its peers, Class24 has been rapidly scaling up in just 1 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. Currently, Class24 has reached over 1.3 million students’ app downloads in just 1 year,” stated Mr Bhunesh Sharma, Founder & CEO of Class24.
“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,” stated Mr Arpit Khandelwal, Managing Partner at Plutus Wealth Management LLP.
