Sunstone Eduversity, a higher education edtech startup, has raised $28 million in a Series B funding round headed by WestBridge Capital, with current investors Saama Capital and Alteria Capital joining in.

Pankaj Bansal, the group chief executive officer of HR IT solutions company PeopleStrong, also joined in the round with Work10m, a work-focused fund.

Sunstone has raised about $34 million in total, including the most recent round.

“The current funding is an endorsement to Sunstone’s unique model of working with reputed colleges and corporates and using technology to bring quality education to millions of students,” said Ashish Munjal, cofounder at Sunstone Eduversity.

According to the corporation, the new funds will be used to invest in learning and technological assets, create a network of institutions across numerous cities, and hire across various functions.

Sunstone has over 300 workers and plans to hire in the areas of technology, growth, product, and learning, according to the company. By the end of 2022, the company expects to have enrolled more than 25,000 students in 35 cities.
Sunstone has 18 locations and expects to have 2,500 students on its platform by the end of the year. At the moment, it is working with 24 campuses.

Sunstone, which was founded in 2015, provides higher education programmes in collaboration with colleges and private universities. It collaborates with businesses to create programmes that are industry-ready for both postgraduate and undergraduate students.

“The team at Sunstone has continued to have a lot of success in proving their model of making best-in-class outcome-based education available across the country with a high degree of accountability with respect to the students’ aspirations,” said Kiranbir Nag, partner at Saama Capital.

Sunstone recently announced that all athletes who compete for India in the Tokyo Paralympics 2020 will receive a full scholarship.