Edtech startup Sunstone gets $35M to expand into new programmes
Edtech startup Sunstone has secured around Rs 280 crore in a Series C funding round. The company will use the money to expand into new programmes, with a particular emphasis on undergraduate technology programmes. Sunstone, a higher education startup located in Gurugram, announced on Friday that it has secured $35 million (about Rs 280 crore) in Series C investment led by WestBridge Capital. Sunstone was established in 2019 by Ashish Munjal and Piyush Nangru. It had secured $28 million by October 2021. The firm stated that it will utilise the current capital to grow into additional programmes, with a particular emphasis on undergraduate technology programmes. Munjal, co-founder and CEO, stated, "The Indian higher education sector is about to undergo a long-awaited revolution. Sunstone is in an excellent position to facilitate this transition and influence the lives of millions of kids." Alteria Capital also participated in the most recent fundraising ro...