Classplus Expands Investment in EdTech with Strategic Stake in Gyan Live

• ByStartupStory     |    May 7, 2024

Classplus, a leading B2B edtech unicorn, has announced a strategic investment in Gyan Live, a prominent educational platform specializing in State-level government exam preparation in Gujarat.

The investment amount remains undisclosed but is aimed at catalyzing Gyan Live’s expansion efforts, particularly into the realm of central government and school exam preparations conducted in regional languages. According to sources within Gyan Live, this funding infusion will also facilitate the integration of Classplus’ advanced technology, enhancing the overall learning experience for students and significantly expanding their reach.

Notably, Classplus has a history of backing promising educational startups, including Abhinay Maths, Saarthi, and Testbook, among others. The platform serves as a robust launchpad for educators and content creators seeking to establish and grow their online coaching businesses.

Since its inception in 2019 by Taral Patel, Mahesh Ahjoliya, and Chetan Patel, Gyan Live has garnered a strong foothold in the government exam preparation landscape in Gujarat. Through its app and YouTube channels, Gyan Live offers a diverse range of educational resources, including live classes, recorded lectures, comprehensive study materials, and test series aimed at empowering students for exam success.

In a statement, Taral Patel, Co-founder of Gyan Live, emphasized the strategic significance of this partnership: “Over the last few years, Gyan Live has solidified its position in the government exam preparation category in Gujarat, and this partnership allows us to broaden our impact and make our learning solutions available to more and more students in India.”

Mukul Rustagi, Co-founder and CEO of Classplus, echoed this sentiment, expressing enthusiasm for the collaboration: “We are thrilled to partner with Gyan Live, a company that shares our vision of making quality education accessible to all. Excited to support their next phase of growth.”

Classplus has amassed over $150 million in funding from esteemed global investors, including Tiger Global, AWI, RTP Global, Blume Ventures, Sequoia Capital India’s Surge, Spiral Ventures, Strive, Times Internet, and Abu Dhabi-based Chimera Ventures. This latest investment underscores Classplus’ commitment to fostering innovative educational solutions and expanding its footprint within the dynamic edtech landscape.

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