Introduction
Elevate Education, previously known as Sunstone, has successfully secured ₹170 crore in a Series D funding round. This investment was spearheaded by WestBridge Capital, with significant participation from current investors. The legal intricacies of this transaction were meticulously handled by VERTICES Partners and Cyril Amarchand Mangaldas.
VERTICES Partners’ Role
VERTICES Partners provided legal counsel to Elevate Education for this substantial financial undertaking. The transaction was led by Vinayak Burman, the Founder and Managing Partner, and Vikrant Anand, Partner at the firm. They were supported by a proficient team comprising Manan Kapoor, Hemant Srivastava, and Abhishikha Moyal, all of whom are Associate Managers at VERTICES Partners.
Cyril Amarchand Mangaldas’ Contribution
On the other hand, Cyril Amarchand Mangaldas represented the lead investor, WestBridge Capital, in this fundraise. The firm is renowned for its expertise in guiding major investors through complex funding processes.
About Elevate Education
Established in 2019, Elevate Education has emerged as a prominent entity in higher education services. The company collaborates with academic institutions to enhance student employability. With the newly acquired funds, Elevate Education aims to bolster its technology and AI capabilities, broaden its network of partner institutions, and enhance student success and placement rates. Furthermore, the capital will be directed towards advancing academic innovation and fostering industry-linked programs.
Conclusion
This fundraising marks a significant milestone for Elevate Education as it continues to expand and innovate in the education sector. The collaboration between VERTICES Partners and Cyril Amarchand Mangaldas showcases the critical role of legal expertise in facilitating successful financial transactions.
