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Tiger Global in talks to invest $25 million into Classplus

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Tiger Global is going to be investing around $20-$25 million in the company, reported Entrackr.

Tiger Global in talks to invest $25 million into Classplus

American investment firm Tiger Global Management is reportedly in talks to invest $25 million into ed-tech company Classplus. The new round of investments will see the Indian startup valued at $250 million. Tiger Global is going to be investing around $20-$25 million in the company, reported Entrackr.

Classplus allows educational institutions to establish their own channel and disseminate educational material digitally through its platform. The platform had raised $10.3 million in September 2020. Leading investors included Falcon Edge’s AWI, former Indian cricketer Sourav Ganguly, RTP Global, and Blume Ventures.

Tiger Global’s stake in Classpluss, if it pulls through, will represent the investment company’s fourth investment in the Indian ed-tech space. Tiger Global has also invested in Byju’s, Unacademy, and Vedantu.

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The ed-tech space has seen tremendous growth over the last year as COVID-19 related shutdowns resulted in a massive shift to study from home. Capitalising on the situation, the ed-tech sector has seen rising fast and seeking to convert it into long-term prospects.

Tiger Global has been aggressively pursuing investment opportunities across Indian startups in multiple internet-related and adjacent spheres. Indian social media app Koo, health insurance startup Plum, home services marketplace Urban Company, and Mensa Brands all raised significant capital in investment rounds led by Tiger Global. The global investment management fund has invested in 21 Indian companies so far in 2021.

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