Online channels enabler for coaching institutes ClassPlus in talks with Tiger Global for $25-M

PE firm Tiger Global is in late-stage talks to invest around USD 20-25 million in Noida-based edtech venture Classplus. The contours of the transaction have reportedly been finalised. The valuation of the six-year-old company is likely to be in the range of USD 200-210 million. Classplus digitises offline coaching institutes and teachers by enabling technology, communication, practice tests, payments channels and learning programmes for them. Classplus recently raised a USD 30 million round led by GSV and existing backers such as Falcon Edge. Since May last year, the company has raised USD 48 million across two institutional rounds. Blume Ventures, Sequoia Capital and Surge are its early institutional backers.