Edtech startup Sunstone raises $35 million in funding led by WestBridge Capital

Edtech startup Sunstone offering higher education programmes has raised $35 million in funding led by WestBridge Capital, and participation from Alteria Capital.

The funding round comes less than a year after the startup raised $28 million in funding also led by WestBridge Capital.

The capital will be used to expand into new programmes with a key focus on undergraduate tech programmes. It takes the total capital raised by the startup to almost $69 million.a


Founded by Ashish Munjal and Piyush Nangru, Sunstone has tie-ups with colleges and private universities through higher education programmes. It works with corporates to develop industry-ready programmes for both postgraduate and undergraduate students.

The startup claims to have a presence in 35 cities and tie-ups with 40 institutions and aims to build capacities in 100 cities over the next two years.

“The Indian higher education system is at the brink of a long overdue transformation. Sunstone is well-positioned to enable this change. Over the years, we have made significant strides in the direction but still have a long way to go,” said Ashish Munjal, cofounder and chief executive officer (CEO) of Sunstone

Starting with postgraduate management education, Sunstone ventured into undergraduate programmes in 2022 for the first time.