The funding round comes less than a year after the startup
raised $28 million in funding also led by WestBridge Capital.
The capital will be used to expand into new programmes with a key focus on undergraduate tech programmes. It takes the total capital raised by the startup to almost $69 million.a
Founded by Ashish Munjal and Piyush Nangru, Sunstone has tie-ups with colleges and private universities through higher education programmes. It works with corporates to develop industry-ready programmes for both postgraduate and undergraduate students.
The startup claims to have a presence in 35 cities and tie-ups with 40 institutions and aims to build capacities in 100 cities over the next two years.
“The Indian higher education system is at the brink of a long overdue transformation. Sunstone is well-positioned to enable this change. Over the years, we have made significant strides in the direction but still have a long way to go,” said Ashish Munjal, cofounder and chief executive officer (CEO) of Sunstone
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Starting with postgraduate management education, Sunstone ventured into undergraduate programmes in 2022 for the first time.
