Klassroom, which was backed by Suniel Shetty, goes public

Klassroom Edutech, one of the leading OTT platforms for education, has started getting ready for its Initial Public Offering (IPO) after getting approval for its plan to become a public company. It is now one of the many startups that want to go public.

According to the document Klassroom filed with the Registrar of Companies (RoC), the company’s board passed a special request to turn it into a public company and change its name from "Fusion Klassroom Edutech Pvt Ltd" to "Fusion Klassroom Edutech Limited."

Klassroom Edutech is an O2O (offline to online) tutoring platform for students in 6th through 12th grade, as well as IIT JEE, NEET, CA, and CS aspirants. It was started by Alka, Dhruv, and Dhumil Javeeri in 2016 and so far built a strong presence with over 200 offline partner centers in 600 cities and 300,000 online learners across India.

In January of this year, the company got undisclosed funds in a Pre-Series A funding round led by ah! Ventures and including LetsVenture.

As for its financial, for the year ending March 2024, Klassroom’s operating revenue stayed steady at ₹4.6 crore with generating a net profit of ₹28.5 lakh. Whereas the financial performance of FY25 is not announced yet.

Along with Klassroom, another well-known edtech company Physicswallah is also planning to raise ₹3,480 crore through its IPO, which consists of ₹3,100 crore fresh issue and a ₹380 crore OFS.

The company is continuously planning to launch an SME IPO later in the year known as per the media reports from January 2025.

Vijay Prajapati

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