Classplus Opens College To Provide Offline BTech Courses

SUMMARY

-Delhi NCR-based edtech startup Classplus ventured in Polaris School of Technology foraying into offline tech education

-Polaris School of Technology will offer a four-year BTech programme

-Founded by Mukul Rustagi and Bhaswat Agarwal, Classplus is an edtech platform that offers teachers to expand their coaching business online

Delhi NCR-based edtech SaaS soonicorn Classplus has opened its first college in Bengaluru to offer BTech courses offline.

The college, Polaris School of Technology (PST), will have a four-year BTech programme offering students classroom learning and hands-on industry experience, the company said in a statement.

The engineering college will not only offer a campus experience to the students but also provide easy access to leading global tech companies for internships and industry exposure.

Founded by Mukul Rustagi and Bhaswat Agarwal, Classplus is an edtech platform that offers teachers to expand their coaching business online, and improve students’ learning outcomes.

As per the company, Rustagi and Agarwal launched PST to address the gap between industry requirements and job preparedness of fresh graduates from BTech programmes.

The programme will also offer specialisation on courses such as computer science, artificial intelligence and machine learning.

“At Polaris, we are committed to nurturing the next generation of tech leaders. We believe that PST will set a new standard for tech education in India and globally,” said Rustagi.

The company further said that the courses will be designed with work-integrated degree model incorporated with 5,000 hours of coding and internships offering practical experience and industry exposure in the second year.

PST faculty will comprise IIT alumni, tech leaders, CTOs and founders, it claimed.

Classplus also aims to foster entrepreneurial skills in students through its inhouse incubator programme, Polaris Tech Combinator, where students can launch and pitch their tech startups and raise seed funding of up to INR 8.2 Lakh (around $10K)

Classplus claims to have digitised creators across more than 3,000 cities, serving more than 50 Mn students.

Classplus counts Tiger Global, Blume Ventures and Alpha Wave Ventures among its marquee investors and has raised a total funding of around $147 Mn till date.

Classplus’ net loss jumped 57% year-on-year to INR 256.6 Cr in FY23, while operating revenue nearly quadrupled to INR 102.04 Cr.

This comes at a time when Classplus is fighting a string of legal battles. For instance, in March, test prep platform Abhinay Maths accused Classplus of forgery and cheating.

Similarly In August last year, edtech startup Saarthi dragged Classplus to court in a breach of trust.