We show you our most important and recent visitors news details UAE's Alpha Wave invests in India-based ClassPlus in the following article
Hind Al Soulia - Riyadh - UAE's Alpha Wave invests in India-based ClassPlus
News • 22 September, 2020
Edit
Source: VCCircle
Education-technology platform Classplus has raised a little over Rs 75 crore (around $10.2 million) at current exchange rates) as part of a new funding round.
Classplus, operated by Bunch Microtechnologies Pvt. Ltd, secured the funding from investors including Alpha Wave Incubation and existing backers RTP Global and Blume Ventures, Entrackr reported, citing regulatory filings.
The coaching centre-focussed startup raised over Rs 56 crore from Alpha Wave in the new round. Blume and RTP committed Rs 11.26 crore and Rs 7.5 crore, respectively, according to the report.
This round comes after the Noida-based company mopped up around Rs 73 crore in May in a Series A round. RTP Global led the infusion, with other participants including Blume, Spiral Ventures, Strive and Sequoia Capital India’s startup accelerator platform Surge.
Previously, Classplus had raised around Rs 17.8 crore in a pre-Series A round from Blume and Surge. Angel investors including Kunal Shah, Alvin Tse, and Locus Ventures partner Eric Kwan also participated.
The ed-tech company operates a mobile-first, software-as-a-service (SaaS) platform for private coaching centres. It helps these centres take their business online and streamline their business functions including communication, content distribution, payments and online assessments.
Continue reading this story
These were the details of the news UAE's Alpha Wave invests in India-based ClassPlus for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at Wamda and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
