About Sunstone
Sunstone is a company based in Gurugram (India) founded in 2015 by Ankur Jain, Piyush Nangru, and Ashish Munjal. It operates as a EduTech. Sunstone has raised $68.11 million across 7 funding rounds from investors including LetsVenture, WestBridge Capital and Alteria Capital. Sunstone has completed 1 acquisition, including AlgoPrep. Sunstone offers products and services including MBA Program, B.Tech Program, and BBA Program.
- Headquarter Gurugram, India
- Founders Ankur Jain, Piyush Nangru, Ashish Munjal
- Stage Minicorn
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Sectors
Education
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$68.11 M (USD)
in 7 rounds
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Latest Funding Round
$35 M (USD), Series C
Aug 02, 2022
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Investors
LetsVenture
& 34 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Products & Services of Sunstone
Sunstone offers a comprehensive portfolio of products and services, including MBA Program, B.Tech Program, and BBA Program. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
MBA program is offered for career advancement opportunities.
B.Tech program is provided for technical career preparation.
BBA program is designed for business management education.
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Funding Insights of Sunstone
Sunstone has successfully raised a total of $68.11M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $35 million completed in August 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series C — $35.0M
- First Round First Round
- Investors Count 35
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Series C - Sunstone | Valuation | WestBridge Capital | |
| Aug, 2021 | Amount | Series B - Sunstone | Valuation | WestBridge Capital | |
| Dec, 2020 | Amount | Debt – Conventional - Sunstone | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Sunstone
Sunstone has secured backing from 35 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include LetsVenture, WestBridge Capital and Alteria Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment firm focusing on purpose-driven capital for Indian entrepreneurs in sectors like financial services and technology.
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Founded Year | Domain | Location | |
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Venture debt funding and structured finance for innovative startups in India.
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Founded Year | Domain | Location | |
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Early-stage investments are targeted by Konark Trust venture capital firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Sunstone
Sunstone has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include AlgoPrep. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Learning platform offering programming and coding courses
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2023 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Sunstone
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sunstone Comparisons
Competitors of Sunstone
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sunstone
Frequently Asked Questions about Sunstone
When was Sunstone founded?
Sunstone was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Sunstone located?
Sunstone is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Sunstone?
Ashish Munjal is the current CEO of Sunstone. They have also founded this company.
Is Sunstone a funded company?
Sunstone is a funded company, having raised a total of $68.11M across 7 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $680.89K, raised on Jan 08, 2016.
What does Sunstone do?
Sunstone is engaged in offering undergraduate and postgraduate programs such as MBA, MCA, BBA, BCA, and B.Tech across India. The company collaborates with over 25 top colleges to facilitate education and placement opportunities. Various job profiles and unique opportunities are provided to students, supported by hands-on internships and real-life projects. Recognition in EdTech innovation and digital learning is also achieved by Sunstone, ensuring a focus on career readiness and workforce skills development.
What products or services does Sunstone offer?
Sunstone offers MBA Program, B.Tech Program, and BBA Program.
How many acquisitions has Sunstone made?
Sunstone has made 1 acquisition, including AlgoPrep.
Who are Sunstone's investors?
Sunstone has 35 investors. Key investors include LetsVenture, WestBridge Capital, Alteria Capital, Spice Digital, and Konark group.
What is Sunstone's valuation?
The valuation of Sunstone is $183.12M as of Aug 2022.
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