Sunstone, a leading higher education startup in India, raised approximately $35 million in funding piloted by the investment firm, WestBridge Capital. Additional funding has been procured from the Venture debt firm, Alteria Capital.
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Sunstone partners with higher education institutions throughout India to increase the marketability and employability of students before they enter the job market. The startup plans to use this round of funding to expand its programs to 100 cities across India over the next two years.
More About Sunstone’s Academic Initiatives
Sunstone was founded in 2019 by leaders Ashish Munjal and Piyush Nangru. They use a data-driven model to address education inequities across India. Historically, colleges and academic institutions have struggled to attract and retain students, and outdated curriculums fail to adequately prepare students for employment.
Sunstone addresses these challenges by producing a variety of initiatives that instill industry-ready skills and soft skills, as well as creating campus-life programs for students. They currently partner with 40 academic institutions across 35 cities and previously raised $28 million in Series B funding in 2021.
Munjal and Nangru plan to use their funding to expand Sunstone’s reach across India, with particular emphasis on growing undergraduate technology programs. The founders share the goal of transforming India’s higher education system to improve the quality of education for every student.
Sunstone partners with higher education institutions throughout India to increase the marketability and employability of students before they enter the job market.
Other Related Developments From Around the Industry
CreativeLife, an online learning platform based on artistic areas on focus such as photography and design, procures Wildist, which focuses on offering premium videography workshops.
The platform plans to use Wildist to expand its client base. Both entities believe in making education accessible and affordable.
Amphy is a wide-reaching platform for e-learning and live streaming opportunities. Corporate offices can benefit from using Amphy’s collaborative workspace and learning opportunities for group work with customizable activities and lectures.
Amphy offers an expansive range of activities for corporate employees to participate in. Employees can participate in virtual escape rooms, a swathe of trivia games, and more things that help increase productivity and bonding remotely. Employees can bond together and work on team-building activities from any location.
Employers can invite employees to watch guest speakers via expert-led live lectures, work on group courses together, or offer gift cards to employees via Amphy.