Elevate Education Secures ₹170 Crore Investment Commitment from WestBridge Capital to Accelerate the Transformation of Higher Education in India
Gurugram : Elevate Education (formerly known as Sunstone) announced that it has secured ₹170 crore in Series D funding from WestBridge Capital. The investment follows a period of strong execution during which the company significantly expanded its student base, institutional partnerships, and revenue, establishing itself as one of India’s leading higher education platforms focused on learner outcomes and employability.
Elevate Education partners with higher education institutions to deliver industry-relevant undergraduate and postgraduate programmes, combining curriculum, technology, placement support, and student success interventions. The company expects to achieve a ₹300 crore revenue in FY 27, supporting 25,000 active students, and partnering with 22 campuses across 15 cities. The company has also strengthened its operating fundamentals, demonstrating disciplined execution while continuing to invest in long-term growth and expects to achieve profitability in FY27.
The Series D funding will be used to strengthen Elevate Education’s technology and AI capabilities, expand its partner institution network, enhance student success and placement outcomes, and accelerate investment in academic innovation and industry-linked programmes.
Looking ahead, Elevate Education plans to scale to 60,000 students and expand its network to 40 partner institutions by FY29. The company will deepen AI capabilities across the entire student lifecycle, and continue building one of India’s most trusted technology-led higher education platforms. By FY29, Elevate aims to achieve ₹600 crore in revenue, while significantly expanding its impact across India’s higher education ecosystem.
Speaking on the fundraise, Ashish Munjal, Co-founder and CEO, 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. At Elevate Education, our mission is to help make that transformation possible by partnering deeply with institutions and bringing technology, AI, and industry relevance into every stage of the student journey. 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.”
Speaking on the investment, Sandeep Singhal, Co-founder and Managing Partner, WestBridge Capital, said: “We believe Elevate Education is addressing an important opportunity in India’s education ecosystem by improving the quality and relevance of learning at scale. Ashish, Ankur and Piyush, along with the broader team, have 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.”
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. Elevate Education believes this shift presents a once-in-a-generation opportunity to reimagine how institutions prepare learners for the future of work. Through its technology platform, institutional partnerships, AI-enabled student lifecycle interventions, and relentless focus on learner outcomes, the company is well positioned to help shape the next chapter of higher education in India.
With this investment, Elevate Education enters its next phase with a clear ambition: to build one of India’s most trusted, technology-led higher education platforms, helping institutions prepare millions of learners for the future of work.
