At a time when so many edtech firms in India are attempting to cut their reliance on teachers, a Noida-based startup that is helping teachers and creators operate, manage and sell courses to students has raised $70 million in a new financing round. That startup, Classplus, is now valued at $570 million.
Alpha Wave Global and Tiger Global co-led Classplus’ Series D round, the four-year-old startup said. Abu Dhabi-based Chimera Ventures and RTP Global also participated in the round, which follows the startup’s $65 million Series C funding eight months ago. The new round has more than doubled the startup’s valuation, it said in a statement.
There are millions of teachers in India who teach students in small Indian cities and towns. In their own localities, they are among the most popul …
