Class plus, which is a Delhi based startup that offers the software solutions for the coaching centers and tutors, has now secured an undisclosed amount from early-stage venture capital firm Blume Ventures.
According to the investment in a LinkedIn post, the director of the company revealed that the startup has also created with a student base of about three lakh, which it would also be going to use to introduce a line of products and services such as a premium personalized content, college discovery, testing services and loans.
“Initial pilots reveal huge appetite for paid content. Buoyed by the success of these experiments, Mukul and Bhaswat (founders of Classplus) are readying to go all-in on content. They will expand later to offer testing, loans, and other products and services,” Pai added.
The company which is founded by the Bhaswat and Muukul, ClassPlus provides with the Software As a Service mobile solutions for independent tutors and coaching institutes to help them run their curriculum via an app.