Elevate Education Raises ₹170 Crore for AI-Led Higher Education Platform Expansion
Edtech firm Elevate Education has secured ₹170 crore ($17.7 million) in Series D funding to enhance its AI and technological capabilities and expand its network of partner institutions.
Edtech startup Elevate Education, formerly operating as Sunstone, has announced raising ₹170 crore (approximately $17.7 million) in a Series D funding round. The investment was led by existing investor WestBridge Capital.
The newly acquired capital is earmarked for strengthening the company’s artificial intelligence and technology infrastructure. It will also support the expansion of its network of collaborative higher education institutions and fund upgrades to academic courses and industry-aligned programs.
Founded in 2019 by Ashish Munjal and Piyush Nangru, Elevate Education focuses on making undergraduate and postgraduate education more relevant to industry demands and outcome-oriented. The company partners with universities to deliver modern programs, practical learning experiences, and placement assistance aimed at improving graduate employability.
Elevate Education reports supporting over 25,000 students through its network of partner campuses, which include institutions like MIT Pune, Manipal University, and BITS Pilani. The company anticipates reaching ₹300 crore in revenue and achieving profitability by fiscal year 2027.