Sunstone Eduversity

About Sunstone Eduversity

Sunstone Eduversity operates within the Indian higher education sector, offering a distinctive asset-light business model that partners with existing colleges and universities. Founded in 2015 by Ashish Munjal and Piyush Nangru, the company initially focused on a 'pay after placement' model for its management programs.

The founders, Ashish Munjal and Piyush Nangru, both possess backgrounds that complement their venture into the ed-tech space. Munjal, an alumnus of the Institute of Management Technology (IMT), Ghaziabad, has prior experience in the financial sector with companies like Bank of America. Nangru brought his expertise from the corporate and consulting world, having worked with firms such as InMobi and Info Edge. Their combined experience in finance and technology informed Sunstone's data-driven approach to employability.

The company has undergone significant evolution since its inception. A pivotal moment was its 2019 pivot to a fee-based model, which proved more scalable and sustainable. Sunstone collaborates with academic institutions across India to provide industry-integrated higher education programs, primarily focusing on MBA, PGDM, and BBA degrees. It serves students aiming to enhance their job prospects by embedding skill development and practical training directly into the curriculum.

Sunstone's core offering is a technology-led pedagogy designed to bridge the gap between academia and industry requirements. The service augments traditional degree programs with a focus on real-world skills, including internships, live projects, and dedicated placement support. Its revenue is generated through student fees for these value-added services. The company has demonstrated considerable growth, securing multiple rounds of funding, including a $35 million Series C round in 2022, to expand its network of partner colleges and enhance its technology platform.