Funding · Education & Skilling

Elevate Education raises ₹170 Cr Series D

What they do

Elevate Education partners with colleges to offer undergraduate and postgraduate programmes with industry-focused curriculum

It raised ₹170 Cr ($17.7 Mn) in Series D funding led by existing backer WestBridge Capital

The company aims to reach ₹300 Cr revenue by FY27 and turn profitable the same year

Elevate Education raised ₹170 Cr ($17.7 Mn) in Series D funding.
The round was led by WestBridge Capital, an existing investor.
The company was formerly known as Sunstone.
It is headquartered in Gurugram.
Elevate Education partners with colleges and universities to deliver undergraduate and postgraduate programmes.
These programmes have an industry-focused curriculum, along with tech, placement and student success support.
The funds will be used to strengthen AI capabilities, expand partner institutions, improve student outcomes, invest in industry-aligned programmes and scale the tech platform.

The Indian edtech market is projected to reach $29 Bn by 2030.
This funding reflects renewed investor interest in edtech companies with clear business models and a path to profitability.
The National Education Policy 2020 encourages multidisciplinary learning, flexibility and digital technology in higher education.

Elevate Education partners with colleges and universities to offer undergraduate and postgraduate programmes.
It provides an industry-focused curriculum, technology, placement support and student success services.
The company has over 25,000 active students across 22 campuses in 15 cities.
Partner institutions include MIT Pune, Manipal University, SIIB and BITS Pilani.
It targets ₹300 Cr revenue by FY27 and ₹600 Cr by FY29.
It aims to have 60,000 students and 40 partner institutions by FY29.
The company plans to achieve profitability by FY27.

Strengthen AI capabilities across the student lifecycle — admissions, personalised learning, career guidance, placement prep and engagement.
Expand the partner institution network.
Improve student outcomes and invest in industry-aligned programmes.
Scale the tech platform.

WestBridge Capital (lead) — WestBridge Capital is an existing investor and a leading venture capital firm.

Product: Technology platform for higher education institutions offering industry-aligned programs and placement support
Customers: Colleges and universities seeking to improve student outcomes and employability
How it makes money: B2B platform partnering with institutions for program delivery and student services
What sets it apart: AI-led technology combining practical learning, placement assistance and student success interventions