Sunstone Eduversity (owned by Sunstone Education Tech. Pvt. Ltd.) an ed-tech startup offering higher education programs with pay after placement, has raised INR 24 crore in Series A funding.
The funding was led by Saama Capital, with participation from Ashish Gupta, MD – Helion Advisors, Pankaj Bansal, Co-Founder & CEO- PeopleStrong. Existing investors, Prime Venture Partners, Rajul Garg, and Purvi Capital also participated in the round. The company will use the fresh capital to invest in its technology platform, hiring, and curriculum. Sunstone is also planning to use the funds to strengthen its efforts in creating industry-ready professionals and building its network of colleges across multiple cities.
Sunstone works closely with corporates to develop industry-ready specializations such as BFSI, Logistics, Analytics, Sales Management, Digital Marketing, and others. The programs are designed to equip the students with the required expertise to tackle everyday business problems and build competencies across industry verticals.
Founded by IMT-Ghaziabad alumnus Ashish Munjal and Piyush Nangru, Sunstone has eight partner institutions in six cities and will have 20 partners in 15 cities by July 2021. Sunstone Eduversity graduates of the batch of 2018-20 secured 100% placements. Some of the prominent recruiters were Axis Bank, HDFC, WNS, Genpact, Amazon, TCS, Karvy, Byjus, Reliance Retail, PolicyBazaar and Swiggy among others.