Edtech startup Sunstone Eduversity announced on Wednesday that it has raised INR 24 Crore in Series A funding round led by Saama Capital. Ashish Gupta, MD, Helion Advisors and Pankaj Bansal, co-founder of PeopleStrong also participated in the round.

Additionally existing investors Prime Venture Partners, Purvi Capital and GlobalLogic co-founder Rajul Garg were also a part of the funding round. The fresh capital will be utilized to strengthen the company’s efforts in creating industry-ready professionals and building its network of colleges

across multiple cities while investing in its technology platform, hiring and curriculum.

Sunstone was founded by IMT Ghaziabad alums Ashish Munjal and Piyush Nangru in 2014. It functions a wide range of courses and programs in association with various institutions and has a unique pay after being placed model. Students can pick specializations such as marketing, operations, finance, sales management, retail management, BFSI, business analytics and logistics & supply chain management among others. Sunstone has so far successfully placed students in companies such as Coca Cola, Byju’s OYO, Accenture, Zomato, Swiggy, Amazon, NestAway, SBI and JK Tyres among various others.

“With its technology-focused, data-centric approach and alignment with students, we believe Sunstone is well placed to bring about a shift in the present higher education system by equipping the students with the latest tools that would make them ready for real-world job opportunities,” Saama Capital partner Kiranbir Nag said.

This investment comes at the heels of three other deals in the edtech space within one month.