Indian Edtech startup Classplus has invested an undisclosed amount in test preparation platform Abhinay Maths, which will use the funding to support its business expansion and increase its reach in tier 2 and 3 cities. The funding will also be deployed towards branding efforts to boost the startup's growth across the country.
Abhinay Maths was founded in 2017 by Sharma as a YouTube channel and has since evolved into a comprehensive test preparation platform focused on competitive exams for government and banking jobs. In just 8 months of launch, the platform achieved 1 million subscribers, and has since launched an app that has catered to 200,000 students from 500 cities and towns across India.
Classplus, on the other hand, is a B2B K-12 learning platform that provides full-stack mobile solutions for educators. Founded in 2018 by Bhaswat Agarwal and Mukul Rustagi, Classplus played a key role in helping Abhinay Maths launch its app before becoming an investor in the platform.
With over 100,000 educators served across 3,000 cities, Classplus has raised nearly $160 million in funding across multiple rounds, and is backed by leading investors such as RTP Global, Blume Ventures, and Times Internet, among others. The startup's goal is to revolutionize the traditional education system and provide easy access to quality education for students and teachers alike.
The investment in Abhinay Maths is in line with Classplus's mission to improve education outcomes for students and support the growth of innovative edtech startups. The platform's focus on competitive exams for government and banking jobs aligns with Classplus's mission to provide students with access to quality education and increase their chances of success.
The edtech space in India has seen rapid growth in recent years, and with the increasing demand for quality education and the rise of technology, the market is expected to continue to grow. With Classplus's investment in Abhinay Maths, both startups are well-positioned to take advantage of the growth opportunities in the market and bring quality education to students across India.
In conclusion, Classplus's investment in Abhinay Maths is a testament to the growing importance of edtech startups in India and the potential for innovative solutions to revolutionize the traditional education system. By investing in Abhinay Maths, Classplus is helping to support the growth of a promising edtech startup and bring quality education to students across the country.
