Gurugram, India: Elevate Education, formerly known as Sunstone, has raised ₹170 crore in a Series D funding round led by existing investor WestBridge Capital, as the higher education platform looks to strengthen its AI and technology capabilities across India.
The fresh capital will be used to expand Elevate Education’s partner institution network, upgrade academic courses, deepen industry-linked programmes and improve student success and placement outcomes. The company also plans to use the funds to strengthen its technology platform and integrate artificial intelligence across key parts of the student journey.
Founded in 2019 by Ashish Munjal and Piyush Nangru, Elevate Education works with higher education institutions to deliver undergraduate and postgraduate programmes that are more aligned with industry requirements. The startup partners with colleges and universities to offer curriculum support, practical learning, placement assistance and technology-enabled student services.
The company’s model focuses on improving employability outcomes by helping institutions bridge the gap between academic learning and workplace expectations. Its programmes are designed to support students with industry-relevant skills, career guidance and placement-linked interventions.
With the new funding, Elevate Education is expected to deepen the use of AI across learning, academic support and career readiness. AI tools can help create more personalised learning pathways, identify student performance gaps, support academic interventions and improve career counselling. The company is positioning technology as a core layer in improving learning outcomes at scale.
Elevate Education currently supports more than 25,000 students through its partner campus network. The company expects to generate ₹300 crore in revenue and turn profitable in FY27. It is also targeting ₹600 crore in revenue by FY29, while expanding its student base to 60,000 and growing its institutional partnerships.
The investment comes at a time when India’s higher education sector is undergoing rapid change, driven by digital learning, employer demand for job-ready graduates and wider adoption of AI-enabled academic tools. Institutions are increasingly looking for partners that can help modernise courses, improve student outcomes and strengthen employability.
WestBridge Capital’s continued backing reflects investor interest in education companies with clearer revenue visibility, institutional partnerships and outcome-focused models. For Elevate Education, the Series D round marks an important step in scaling its AI-led higher education platform and strengthening its position in India’s evolving edtech ecosystem.
