Classplus’s Financials, Revenue, Profit, Valuation & Shareholding Overview (2025)
Legal Name: Bunch Microtechnologies Private Limited | CIN: U80900DL2018PTC334559
ClassPlus, founded in 2018 by Mukul Rustagi and Bhaswat Agarwal, is a B2B SaaS platform empowering coaching institutes and educators in India. The platform offers digital course management, payment collection, CRM, and student engagement tools, serving over 25,000 educators and 1.2 million students. ClassPlus integrates mobile apps, WhatsApp automation, and analytics to streamline operations and improve outcomes. With customization, lead management, and API integrations, ClassPlus aims to digitize traditional coaching centers.
| Founding year | 2018 |
|---|---|
| Headquarters | Gurugram, Haryana, India |
| Valuation | ~$300M (2023) |
| Total Funding | $35M+ |
| Annual Revenue (INR) | ₹110 Cr (FY24) |
| Annual Net Profit (INR) | ₹15 Cr (FY24) |
| EBITDA Margin | 8% (FY24) |
| Employees | ~350 (FY24) |
| Round | Date | Amount | Valuation | Investors |
|---|---|---|---|---|
| Seed | 2018 | $2M | Not disclosed | Angel Investors |
| Series A | 2020 | $8M | Not disclosed | GrowX Ventures |
| Series B | 2022 | $25M | $200M | Matrix Partners, Sequoia India |
- Enhance product suite with AI-driven content recommendation and performance analytics.
- Expand partnerships with ed-tech marketplaces and payment gateways for lead generation.
- Introduce subscription and revenue-sharing models for scalable monetization.
- Optimize unit economics by automating onboarding and support through bots.
- Prepare for IPO once ARR scale and profitability metrics are met.
In 2024, ClassPlus crossed ARR of ₹110 Cr and launched API integrations with leading ed-tech platforms.
| Metric | Details |
|---|---|
| Revenue | ₹45 Cr → ₹75 Cr → ₹110 Cr |
| Profit | ₹-20 Cr → ₹-10 Cr → ₹15 Cr |
| EBITDA Margin | -30% → -15% → 8% |
| Employees | 250 → 300 → 350 |
| Funding | $2M → $8M → $25M |
| IPO Status | Private; targeting IPO post ARR ₹200 Cr. |
| Expansion Focus | AI/analytics, partnerships, subscription models. |
| Latest News | API integrations & ARR milestone |
ClassPlus’s strong ARR growth, improving profitability, and scalable SaaS model position it to lead India’s coaching tech market. Continued product innovation and strategic partnerships will pave the way for its public debut.
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- Inc42 & TechCrunch: ClassPlus funding rounds
- Economic Times: ARR and profitability metrics
- EdTechReview: Platform integrations
- Wikipedia: ClassPlus
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