Link Legal, Pier lead on Classplus $1.6 million fund raise

Link Legal, Pier lead on Classplus $1.6 million fund raise

Bar & Bench

Education Tech startup Classplus has raised $1.6 million in its pre-series A funding round led by Times Internet and GREE Ventures. The round also saw participation from Japanese VC firm Spiral Ventures and existing investor Netherlands-based Rising Stars Fund.

Link Legal acted for the company and its promoters and the team was led by Partner Manish Gupta along with Principal Associate Pratyush Khurana and Senior Associate Ashish Ahluwalia.

Anish Vohra from Pier Counsel represented Times Internet.

The other investors were advised by their in-house teams.

Launched in January 2018, Delhi-based Classplus claims to have over 1,200 coaching centers across more than 50 Indian cities as its clients.

The company plans to use the funds to expand its product offerings, ramp up their leadership team and scale operations. The firm also plans to leverage on data science and will enable predictive analysis on their assessment scores, reported ET.

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