Private Equity

PE Fund Investments

Edtech startup Classplus to raise over $56-M from existing investors

Regulatory Filings  

Noida based Ed-Tech start-up Classplus is to allot 11,251 series E CCCPS to Alpha Wave Global (via Alpha Wave Ventures II LP), RTP Global (via RTP Global Partners II Opportunity LP), Tiger Global (via Internet Fund VII Pte Ltd) and Chimera Capital (via Chimera Investment LLC and Chimera Global Fund I LP) at a price band of INR 3.84 lakh to INR 4.21 lakh per share. The investment, at the lower end of the price band, would aggregate to USD 56.51 million and USD 62 million at the higher end.

From the Venture Intelligence PE-VC Deal Database: Between Sep-2018 and Jul-2021, Classplus had raised over USD 83 M from Alpha Wave Global, GSV Ventures, Tiger Global, Blume Ventures, RTP Global, Sequoia Capital India, Spiral Ventures, Strive VC and Rising Stars. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)