Edtech startup Classplus, which supports educators and content creators to launch online courses, has raised $70 million in its latest round of funding co-led by Alpha Wave Global and Tiger Global. Classplus’ valuation is estimated to be roughly $600 million after the latest funding round.

The new round of growth capital comes eight months after the company wiped up $65 million in June last year.

As a part of the latest round, Abu Dhabi-based Chimera Ventures has come in as a new investor while existing backer RTP Global has doubled down and participated in the financing, as per reports.

According to the company, it will deploy the fresh funds to expand its presence globally, while investing in new acquisitions and partnerships.

Founded in 2018 by Mukul Rustagi and Bhaswat Agarwal, Classplus is a software platform that allows educators and content creators to build their online presence, digitize their offline tuition centers and sell their courses online.

The company claims it has seen adoption from educators serving the kindergarten to grade 12 (K-12) as well as exam prep categories. Even non-academic content creators from sectors such as fitness, lifestyle, personal finance, language training and programming have joined the platform.

According to the company, at present, 75 percent of its educator base comes from Tier II Indian cities and beyond. It serves more than 100,000 educators and content creators from over 3,000 towns and Indian cities.

Navroz Udwadia, cofounder, Alpha Wave says, “we like that Classplus can successfully cater to the large offline market of educators across segments such as K-12, test prep and others.”

Classplus competes with Teachmint, which also enables teachers to create their own virtual classrooms. Teachmint recently raised $78 million in October, last year, led by Rocketship.vc and Vulcan Capital. That round valued the startup at roughly $500 million.