Sunstone Eduversity gets 24 crore in Series-A round

BENGALURU: Education technology startup Sunstone Eduversity has raised 24 crore in Series-A funding, led by Saama Capital, with participation from existing investors Prime Venture Partners, Purvi Capital and Leo Capital founder and MD Rajul Garg.

Helion Advisors MD Ashish Gupta and PeopleStrong CEO Pankaj Bansal have also come on board as new investors following the funding the round. Sunstone Eduversity plans to utilise the capital to invest in technology, hiring and building its curriculum.

It is also looking to grow its network of partner colleges from eight institutions in six cities to 20 partners in 15 cities by July 2021. “Sunstone Eduversity is fixing the problem of largescale skill gaps in students,” said Ashish Munjal, cofounder at Sunstone Eduversity.