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ĭubai-based VC Global Ventures led the new round. Nexford University is one of such platforms, and today, it has a closed $10.8 million pre-Series A funding round. Over the past few years, there has been the emergence of a number of alternative credential providers trying to provide students with the necessary skills to earn and make a living. It’s not a secret that universities focus a bit too much on theory. On the other hand, relevance shows the huge gap between what traditional universities teach and what global employers actually look for. Whether you live in Africa, Europe, or the U.S., a major reason why people don’t go to university or college or even drop out because they cannot afford tuition fees. Two profound problems face the higher education sector globally - affordability and relevance. Author jgleba Posted on JCategories apps, Asia, Classplus, education, funding, India, tiger global Nexford University lands $10.8M pre-Series A to scale its flexible remote learning platform This year, Tiger Global has backed - or in talks to back - about two dozen startups in India. Instead, it offers a way for these teachers to leverage its tech platform to engage with customers. Rustagi described Classplus as “Shopify for coaching centers.” Like Shopify, the service does not serve as a marketplace that offers discoverability to these teachers or coaching centers. They rarely do any marketing and students learn about them through word-of-mouth buzz,” he said. These teachers and coaching centers are very popular in their locality. “These are typically small and medium setups that are run by teachers themselves. “Anyone who was born in a middle-class family here has likely attended these tution classes,” said Mukul Rustagi, co-founder and chief executive of Classplus, told TechCrunch last year. The startup is serving these hyperlocal tutoring centers that are present in nearly every nook and cranny in India. Sources requested anonymity as the matter is private.Īs tens of millions of students - and their parents - embrace digital learning apps, Classplus is betting that hundreds of thousands of teachers and coaching centers that have gained reputation in their neighborhoods are here to stay. That round had valued Classplus at about $73 million, according to research firm Tracxn.Ĭlassplus didn’t respond to a request for comment. Classplus - which has built a Shopify-like platform for coaching centers to accept fees digitally from students, and deliver classes and study material online - also raised $10.3 million in September last year from Falcon Edge’s AWI, cricketer Sourav Ganguly and existing investors RTP Global and Blume Ventures.