August 20, 2022
1 min read

Sunstone raises Rs 280 cr led by WestBridge Capital

The startup said it will use the latest funding to expand into new programmes with a key focus on undergraduate tech programmes…reports Asian Lite News

As edtech startups and unicorns lay off employees amid the funding winter, Gurugram-based higher education platform Sunstone on Friday said it has raised $35 million (around Rs 280 crore) in a Series C funding led by WestBridge Capital.

Founded by Ashish Munjal and Piyush Nangru in 2019, Sunstone had raised $28 million in October 2021.

The startup said it will use the latest funding to expand into new programmes with a key focus on undergraduate tech programmes.

“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,” said Munjal, Co-founder and CEO.

The latest funding round also saw participation from Alteria Capital.

The company with presence across over 35 cities in more than 40 institutions is building capacities to expand into 100 cities across the country.

Starting with post graduate management education, Sunstone ventured into undergraduate programs in 2022, registering a 10 times growth in the past two years.

“Seeing the ever increasing demand and its potential to be a major disruptor, we are excited to double down our investment to support its (Sunstone’s) mission of transforming the higher education sector in India,” said Sandeep Singhal, Managing Partner, WestBridge Capital.

Sunstone said its training programmes are industry endorsed to enhance employability, designed for hybrid delivery with focus on soft skills and personality development.

ALSO READ: Google Play eyes further India investment

Previous Story

Prateek Pant: We believe that market timing is a futile exercise

Next Story

Michelle Wade has clear-cut strategy to take forward India-Australia ties

Latest from Business

Nvidia slams US chip export curbs as ‘failure’

Jensen Huang said the US move has backfired by accelerating China’s self-sufficiency in semiconductors and diminishing American dominance in the global chip market…reports Asian Lite News Nvidia CEO Jensen Huang has sharply

SEBI Warns on Strata Exit

Strata was one of the first platforms to register under SEBI’s newly introduced SM REIT framework, which was designed to regulate fractional ownership in real estate and allow investors to pool capital
Go toTop

Don't Miss

India, US to step up Indo-Pacific business ties

Various business and industry groups from India and US are

Indian biz & political leaders to attend India Week across UK

India Week will take place across the UK, starting from