Edtech startup Sunstone Eduversity has raised INR 24 Cr in Series A funding. The funding was led by Saama Capital, with participation from Ashish Gupta, Pankaj Bansal. Existing investors, Prime Venture Partners, Rajul Garg and Purvi Capital also participated in the round.
The startup is planning to use the fresh capital to invest in its technology platform, hiring and curriculum. The company is also planning to use the funds to strengthen its efforts in creating industry-ready professionals and building its network of colleges across multiple cities.
Sunstone Eduversity primarily focuses on equipping students with expertise to tackle everyday business problems across verticals. The startup’s pay-after-placement model is based on partnership with five colleges and private universities in three cities. It plans to partner with 10 more colleges soon. Sunstone Eduversity also has corporate tie-ups to develop specialisations such as BFSI, logistics, sales management, digital marketing and others.