Higher education platform Elevate Education (formerly known as Sunstone) has raised Rs 170 crore ($17.8 million) from WestBridge Capital as it looks to expand its operations.
This marks the Series D funding round for the company, per a media statement.
Elevate Education ties up with higher education institutions to offer undergraduate and postgraduate programmes.
The company said it expects to reach Rs 300 crore in revenue in FY2027, support 25,000 active students, and partner with 22 campuses across 15 cities. It also said it expects to become profitable in FY2027.
“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,” said Ashish Munjal, co-founder and CEO, Elevate Education.
“As AI reshapes industries and employer expectations evolve, institutions need to continuously reinvent how students learn, build skills, and prepare for careers,” he added.
Elevate Education plans to use the capital raised to improve its technology and AI capabilities, expand its network of partner institutions, and invest in academic programmes and student placement support.
The company said it aims to support 60,000 students and expand its network to 40 partner institutions by FY2029.
“We believe Elevate Education is addressing an important opportunity in India’s education ecosystem by improving the quality and relevance of learning at scale,” said Sandeep Singhal, co-founder and Managing Partner, WestBridge Capital.
India’s higher education sector is entering a period of profound transformation, driven by AI, changing employer expectations, and growing demand for outcome-oriented learning. Other platforms operating in this space includes Temasek-backed upGrad, among others.
