School are gradually looking at technology as an opportunity to create teaching strategies & impact student on technology platform. Despite the age, today almost everyone has a smartphone or a laptops. But connecting online becomes quite difficults for both the teacher & the student who are not familiar with the technologies. In these cases, different types of problem are encountered.
To solve these difficulties there is a solutions called Classplus. Class plus is a SaaS based platforms for offline teaching center, educator & content creator to ship their teaching business on the internets.
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They accept that teacher are the foundation of Indian educations & allowing them is the really significant use of innovation so that the big online organization cannot do without them. Lets learn more about Class plus financing, the founders, the business model,
About Classplus
Classplus is a company that creates portable & web based tutor enablement application intended to interact & engage teacher with their student & tutors. Their app offers an exam in a child exhibit, offer test entry, extensive reporting on students performance, empowering mentor to focus on instruction and test taking.
Founders of Classplus
- Mukul Rustagi is the co founder and CEO of Classplus. He obtained his bachelor degree from the Indian Institute of Technology, Roorkee, Uttrakhand. Before starting Classplus, he was an experts at a Futures First subsidiary.
- Bhaswat Agarwal is a co founder of Classplus. He is an experienced co founder with a proven track record of working in the e learning industry. He chased his B.E. in Electronic & Communication from the Netaji Subhas Institute of Technology. He also worked on analytical skill, sales, IT strategy, business solutions sales, and account managements.
- Vatsal Rustagi is one of the founder of Classplus. He got his bachelor degree from Delhi College of Engineering. As of now, he is on Happay.
Classplus business model
Classplus was conceived with the desire to reclassify classroom study in this country. A tutor exercises must be rearranged, a student expectations for learning and adaptation must be personalized, and parent must be constantly informed. That is the first objective of the company.
Anyone can log in for three purposes. As a teacher, student & parent. When logged in as a teachers, the person can make their own batches, add student, share notifications, and furthermore, relegate test in Classplus. The best part of this is that the result or performance report is delivered to the tutor and mentor. For abstract queries, alternates must click on an image of the appropriate response composed by the schema. These are to send to the teacher.
Classplus revenue model
The Classplus revenue models is a simple fee method. They collect fees from student & distribute fees to tutor by taking a percentage off the platforms charge. They provide their services to the more than 1,100 cities in India with more than 50,000 teachers network. The company claim to have more than 70 lakh student.
According to Growjo, Class plus estimated annual revenue is now $72.1 million a year. On the other hand, the tax income per Class plus representative is around $150,000.
Classplus Financing
Classplus has raised a total amounts of $24.2 million in funding over the 8 round. The company has raised a little more than Rs. 75 million rupees about 10.2 million dollar as part of the latest funding round. Classplus, worked by Bunch Microtechnologies Pvt. Ltd, obtained funding from investor such as Alpha Wave Incubation & existing backer RTP Global & Blume Venture.
The educational technology startup raised over Rs. 56 crores of Alpha Wave in the new round. Blume and RTP presented Rs. 11.26 crore and Rs 7.5 crore, separately, as stated in the report.
Conclusion
During the period of the pandemic, most of the platform empower all teachers & teaching organization with an all in one versatile applications that allows them to take their video classes, sell online courses, take online test, pay fees & engage with customers. student, all in one place. solitary, easy to use platforms. With a limited ability to focus on time, Classplus has become the advanced identity of more than 120,000 teacher in more than 1,100 cities by making them understand their dreams.
