Have you ever come across an MBA education platform that presents students with post-placement payment options? Well, say hello to Sunstone Eduversity. This startup has recently raised INR 11.35 crore from Prime Venture Partners, Pallav Pandey’s Syndicate on LetsVenture and angel investor Rajul Garg.
The brainchild of IMT Ghaziabad alumni, Ashish Munjal and Piyush Nangru, Sunstone Eduversity was founded in 2015 in Gurgaon and is India’s only “Pay-after-Placement” education programme. With Sunstone, students can register for the two-year PGDM programme, get an education from renowned faculty, exposure to paid internships for a period of nine months as well as campus placements. This is where Sunstone differentiates itself in the marketplace. Over the last 4 years, students have had a 100% placement record; with an average of INR 4 lakh per annum and a maximum of INR 10 lakh per annum. Tata, McAfee, Pepsi, HDFC Bank, and many other companies recruit students from Sunstone Eduversity every year.
The startup works closely with corporations to discern requirements and has created industry-ready specializations in BFSI, sales management, logistics and digital marketing. This industry-relevant training helps students develop skills for solving business problems in real-time as well as build competency in verticals where jobs exist but degrees do not.
Ashish says, “We are making higher education accountable. Our model can produce industry-ready professionals who can start contributing towards an organisation’s success right from the beginning. In our model, success of the education provider is completely aligned with the student’s success.”
Presently, Sunstone has tied up with five partner institutions across three cities with 300 students. The startup will leverage these fresh funds to join hands with 10 more colleges across nine cities. Sunstone is looking to grow sevenfold by 2020 by enrolling 2,000 students.
This is Ashish and Piyush’s second startup together after CrownIT, a marketing and consumer data analytics platform that they founded in 2014 in Gurgaon.