Sunstone raised $28 million from WestBridge capital, others

22 Aug 2022 , 09:19 AM

Ed-tech Sunstone that provides higher education programmes has raised $35 million in a round that was mostly led by WestBridge Capital, an existing investor.

The Gurgaon-based startup raised $28 million from investors led by WestBridge Capital a year prior to this round, which also included Alteria Capital.

According to Ashish Munjal, cofounder of Sunstone, who spoke to ET, the new funding would be utilised to expand into newer educational fields, with a particular emphasis on undergraduate tech programmes.

With this round, the company has nearly raised $69 million in total financing.

Munjal and Piyush Nangru developed Sunstone, which provides higher education programmes in collaboration with colleges and private universities. It collaborates with businesses to create programmes for postgraduate and undergraduate students that are ready for the workplace.

The firm offers a hybrid learning model that aids Indian colleges in managing supply, curriculum, and technology-related issues.

Sunstone, which initially concentrated on post-graduate education, is expanding its university collaborations with programmes leading to bachelor’s degrees in business administration (BBA) and computer application (BCA).

As it intends to establish a capacity to expand into 100 locations across the country over the next two years, Sunstone claims to have a presence in more than 35 cities and tie-ups with 40 institutions.