Elevate Education Raises $17.7 Mn in Series D Round

The company will use the new funding to improve its technology and AI capabilities, expand its network of partner colleges, and help students achieve better learning, job placements, and career outcomes.

Elevate Education also plans to launch new academic programs and industry-focused courses. It will use AI throughout the student journey, including personalized learning, academic support, and career guidance.

In August 2022, the company raised $35 million in a Series C funding round led by WestBridge Capital, with participation from existing investor Alteria Capital.

“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.

“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.

Founded by Ashish Munjal, Ankur Jain and Piyush Nangru, Gurugram-based Elevate Education works with colleges and universities to offer undergraduate and postgraduate programs. It also provides technology support, placement assistance, and student success services.

The company currently supports more than 25,000 students across 22 campuses in 15 cities. It aims to reach ₹300 crore in revenue and become profitable by FY27.

By FY29, Elevate Education plans to expand its network to 60,000 students and 40 partner institutions.

The company also plans to invest in AI-powered solutions to improve learning, provide better career guidance, and increase student engagement.

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