Bengaluru: Sunstone Eduversity, an edtech startup offering higher education programmes, has raised $28 million in a Series B funding round led by WestBridge Capital along with participation of existing investors Saama Capital and Alteria Capital.Work10m, a work-focused fund by Pankaj Bansal, the group chief executive officer of HR tech solutions provider PeopleStrong, also participated in the round.
Sunstone has now raised close to $34 million so far, including the latest round.
“The current funding is an endorsement to Sunstone’s unique model of working with reputed colleges and corporates and using technology to bring quality education to millions of students,” said Ashish Munjal, cofounder at Sunstone Eduversity.
Published by Economic Times on October 28 | https://bit.ly/3cj566bCheck out how Revenue Based Financing is the asset class for the Smart Investor and what investors should account for in Bharat-focused startups.
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