Elevate Education bags Rs 170 Cr from WestBridge Capital
The latest investment comes as the company looks to strengthen its technology platform, deepen the use of AI across its services, and expand partnerships with colleges and universities across India.
Elevate Education, a Gurugram-based higher education platform formerly known as Sunstone, has secured a Rs 170 crore Series D funding round from investment firm WestBridge Capital.
The latest investment comes as the company looks to strengthen its technology platform, deepen the use of AI across its services, and expand partnerships with colleges and universities across India.
Elevate Education works with higher education institutions to offer undergraduate and postgraduate programmes that combine academic curricula with industry-oriented training, placement support and technology-enabled student services.
The Gurugram-based firm’s platform aims to improve employability by helping institutions align courses with changing industry requirements while supporting students throughout their academic journey.
The company said the fresh capital will be used to strengthen its technology and AI capabilities, expand its network of partner institutions, improve student success and placement outcomes, and invest further in academic innovation and industry-linked programmes. AI is expected to be integrated across the student lifecycle, including personalised learning, academic support and career guidance.
Recently, The CapTable wrote about how India’s edtech companies are redesigning their business models around AI.
Elevate expects to reach Rs 300 crore in revenue during FY27 while serving 25,000 active students across 22 campuses in 15 cities. It also expects to become profitable during the financial year. The company plans to expand to 60,000 students and 40 partner institutions by FY29, with a target of Rs 600 crore in revenue.
“We believe Elevate Education is addressing an important opportunity in India’s education ecosystem by improving the quality and relevance of learning at scale. We believe the company is well positioned for long-term growth,” said Sandeep Singhal, Co-founder and Managing Partner, WestBridge Capital, which has backed several prominent Indian companies including Rapido, Meesho, PhysicsWallah, LEAD Group, Star Health and IndiGo.
The investment comes as the country’s higher education sector is undergoing significant change. The National Education Policy 2020 has encouraged multidisciplinary learning, greater flexibility in higher education and wider adoption of digital technologies.
“India’s higher education system is at an inflection point. The future of higher education will not be defined by who awards the degree, but by who delivers the best learner outcomes. As AI reshapes industries and employer expectations evolve, institutions need to continuously reinvent how students learn, build skills, and prepare for careers,” said Ashish Munjal, co-founder and chief executive officer of Elevate Education.
The broader edtech sector in India has seen renewed investor interest after a difficult period that followed the pandemic-driven funding boom. While investors have become more selective, they continue to back companies with sustainable business models and clear revenue visibility.