August 6, 2026
Funding Fusion News

Elevate Education raises Rs 170 crore to expand AI, college network, targets profitability in FY27

  • July 8, 2026
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Elevate Schooling, the higher education platform previously generally known as Sunstone, has raised Rs 170 crore in Sequence D funding from WestBridge Capital. The Gurugram-based firm will use

Elevate Education raises Rs 170 crore to expand AI, college network, targets profitability in FY27


Elevate Schooling, the higher education platform previously generally known as Sunstone, has raised Rs 170 crore in Sequence D funding from WestBridge Capital.

The Gurugram-based firm will use the capital to strengthen its expertise and AI capabilities, develop its community of associate establishments, enhance pupil outcomes and spend money on tutorial programmes aligned with trade wants.

Based by Ashish Munjal, Ankur Jain and Piyush Nangru, Elevate Schooling companions with faculties and universities to supply undergraduate and postgraduate programmes. Its providers embrace expertise help, placement help and pupil success programmes.

The corporate at the moment works with 22 campuses throughout 15 cities and helps greater than 25,000 energetic college students. It expects to achieve Rs 300 crore in income in FY27 and change into worthwhile throughout the 12 months.

By FY29, Elevate Schooling plans to develop its pupil base to 60,000 and improve its community to 40 associate establishments. It’s also investing in AI-led instruments throughout the coed lifecycle, together with studying, tutorial help, profession steerage and engagement.

“India’s larger schooling system is at an inflection level. The way forward for larger schooling won’t be outlined by who awards the diploma, however by who delivers the perfect learner outcomes,” stated Ashish Munjal, co-founder and CEO of Elevate Schooling.

“As AI reshapes industries and employer expectations evolve, establishments must constantly reinvent how college students be taught, construct expertise, and put together for careers,” he added.

Sandeep Singhal, co-founder and managing associate at WestBridge Capital, stated the corporate was addressing an necessary alternative in India’s schooling ecosystem.

“We consider Elevate Schooling is addressing an necessary alternative in India’s schooling ecosystem by enhancing the standard and relevance of studying at scale. We consider the corporate is nicely positioned for long-term progress,” he stated.

WestBridge Capital had earlier led the corporate’s $35 million Sequence C funding spherical in August 2022, with participation from present investor Alteria Capital.

The most recent investment comes amid reforms linked to the National Education Policy 2020, which has inspired multidisciplinary studying, larger flexibility in larger schooling and wider use of digital applied sciences.

The deal additionally comes at a time when traders stay selective in India’s edtech sector, with funding more and more directed in the direction of corporations that present clearer income visibility, outcome-focused fashions and stronger paths to profitability.