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| Providing School | Course | Web site |
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| MIT | MIT Know-how Management and Innovation | Go to |
Classplus had additionally invested Rs 4 crore in Abhinay Maths in February 2023.
Abhinay Sharma, founding father of Abhinay Maths, alleged that Classplus had engaged in actions that induced substantial monetary losses and injury to the agency’s popularity.
The allegations included forging of digital signatures on paperwork, unauthorised acquisition of property valued at Rs 70-80 lakh, use of counterfeit stamps of Abhinay Maths, and creation of cast paperwork to facilitate illicit transfers.
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A press launch from Abhinay Maths added that Classplus pressured AMCP Edutech’s employees, together with academics, to resign or face termination. “Round 60 workers discover themselves going through monetary hardship resulting from unpaid salaries and unresolved ultimate settlements,” it added.
Classplus – backed by Alpha Wave International, Tiger International Administration, RTP International, Owl Ventures, Peak XV’s Surge, GSV Ventures and Blume Ventures – didn’t instantly reply to ET’s request for a touch upon the matter.
The Noida-based firm, valued at over $600 million in 2022, operates as a SaaS startup, offering instruments to educators and training centres to create customised purposes. The corporate was based in 2015.
In February 2024, Classplus introduced its second worker inventory possession plan (ESOP) buyback in three years. Over 150 workers, throughout roles and enterprise verticals, had been eligible to liquidate their vested shares by promoting them again to the corporate.
