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This year presented itself with many challenges, with the world being shut down as the 2nd wave of Covid hit us. But as they say, sometimes you have to work a little harder to be able to spot that silver lining and Sunstone surely did!
Upwards and Onwards: We Raised $28 Million
Our enthusiasm has gone up two-folds thanks to this year being very generous to us as we've taken all the challenges head-on. With that being said we're elated to announce that Sunstone has raised $28 million as part of its Series B funding round led by WestBridge Capital. This funding is an endorsement of our core values as we aim to expand our footprint to 60+ campuses across 35 cities over the next year.
WestBridge Capital led the round, with current investors Saama Capital and Alteria Capital, as well as Work10M, continuing to participate. Pankaj Bansal and Ash Lilani were two of our most important supporters. We were able to raise 28 million dollars because of their unwavering support and belief in the Sunstone goal.
After receiving an overwhelming response from 250 additions to the student community in 2019 to a massive number of 2,400+ enrollments this year. Sunstone has also diversified itself with the introduction of undergraduate courses with its edge including Bachelors of Business Administration (BBA) and Master of Computer Application (MCA), Online MBA this year, bringing more value to the higher education space in India.
“Higher education programs offered with Sunstone's edge have the potential to bring in the much-awaited transformation in the Indian education system where students will now have access to a high-quality education product in all corners of the country. We are excited by Sunstone's growth and the innovation in technology and learning systems so far” said Sandeep Singhal, managing director of WestBridge Capital.
Our vision is to bring forth quality education for every student. We anticipate our future to be career-ready with our career-oriented approach to education. Our commitment ensures better education and a plethora of job prospects for students across the nation with backing from 850+ leading recruiters.
This Series-B funding backed by Sunstone was featured by:
Feathers Garnered by Sunstone
NIET Noida now offers an AICTE-approved MCA programme with Sunstone's edge . Workshops, boot camps, and lectures will be used to supplement the two-year programme. Click here for the full story covered by The Hindu.
EduFest 2021, India's largest virtual career counselling event for MBA/PGDM, BBA & MCA aspirants, was successfully conducted by Sunstone. The two-day event, which took place on August 7th and 8th, was a big success, with over 15,000 students from across the country registering along with coverage from Education World. We look forward to hosting this colossal event consistently over the coming years.
Sunstone also made it to the news in The Navbharat Times, Dainik Prabhat, The Hindu, The Financial Express, The Tribune and The Economic Times.
Even though Sunstone has garnered immense recognition in the past year, we firmly believe that it's not about reaching one destination, it's about the journey. We have set our sights on even bigger and better goals for the coming years to provide #Educationthatworks!