Gurugram-based higher education platform Elevate Education (formerly Sunstone) has secured ₹170 crore in a Series D funding round from WestBridge Capital to accelerate its technology-driven transformation of higher education in India.
The fresh capital will support the company’s next phase of growth by strengthening its AI capabilities, expanding its partner institution network, enhancing student outcomes, and scaling its technology platform as it prepares for rapid nationwide expansion.
Funding to Accelerate Technology and Institutional Expansion
Elevate Education plans to deploy the newly raised capital to strengthen its AI-powered learning platform, deepen partnerships with higher education institutions, improve placement outcomes, and invest in industry-aligned academic programmes.
The company aims to expand its presence across India by increasing its network of partner institutions while continuing to enhance learner experiences through technology-led interventions.
Building Outcome-Focused Higher Education
Founded as Sunstone and now operating as Elevate Education, the company partners with colleges and universities to deliver undergraduate and postgraduate programmes that combine industry-focused curriculum, technology, career services, and student success initiatives.
Its platform is designed to bridge the gap between academic education and industry expectations by integrating employability-focused learning with continuous student support.
Today, Elevate Education supports 25,000 active students across 22 campuses in 15 cities. The company expects to achieve ₹300 crore in revenue by FY27 while reaching profitability during the same financial year.
AI to Play a Larger Role Across the Student Journey
The company intends to significantly enhance its AI capabilities across the entire student lifecycle from admissions and personalised learning to career guidance, placement preparation, and student engagement.
Looking ahead, Elevate Education plans to expand to 60,000 students and 40 partner institutions by FY29, while targeting ₹600 crore in revenue.
The company believes AI will become central to reshaping higher education as institutions increasingly focus on learner outcomes, employability, and industry readiness.
Leadership on the Growth Vision
Commenting on the funding, Ashish Munjal, Co-founder and CEO of Elevate Education, said:
“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. This investment from WestBridge Capital strengthens our ability to scale responsibly, invest in innovation, and build one of India’s most trusted higher education platforms.”
WestBridge Capital Backs Long-Term Growth
Sandeep Singhal, Co-founder and Managing Partner at WestBridge Capital, highlighted the firm’s confidence in the company’s long-term vision.
“We believe Elevate Education is addressing an important opportunity in India’s education ecosystem by improving the quality and relevance of learning at scale. The leadership team has built the company with a deep understanding of the sector, disciplined execution, and a capital-efficient approach. We believe the company is well positioned for long-term growth and are pleased to partner with them on this journey.”
Positioned for the Next Phase of Higher Education
India’s higher education sector is witnessing rapid transformation as technological advancements, evolving employer expectations, and AI-driven learning reshape how institutions prepare students for future careers.
Elevate Education aims to position itself at the forefront of this shift by combining institutional partnerships, technology infrastructure, AI-enabled student success solutions, and industry-linked programmes into a unified higher education platform.
With the latest Series D funding, the company plans to accelerate its expansion while strengthening its mission of building one of India’s most trusted technology-led higher education platforms focused on improving learner outcomes and employability.
By : Vanshika Tayal
