Mumbai-based edtech startup Klassroom has filed its draft red herring prospectus (DRHP) with the BSE for an initial public offering (IPO) on the exchange’s SME platform.
The proposed IPO comprises a fresh issue of up to 19.89 lakh equity shares and an offer-for-sale component of up to 4.66 lakh equity shares by existing shareholders, according to the DRHP filed with the BSE.
The company plans to utilise the net proceeds from the fresh issue to repay or prepay certain borrowings, strengthen its AI and ML technology stack, and invest in content development and marketing initiatives. The OFS will allow select promoters and early investors to partially pare their stakes.
Klassroom’s cofounders, the mother-and-sons trio Alka Javeri, Dhruv Javeri and Dhumil Javeri, will offload up to 3.52 lakh shares through the OFS, the highest among selling shareholders. Angel investors including Deepti Choudhary, who plans to sell 28,471 shares, Chandra Prakash Toshniwal with 16,040 shares, Utsav Verma with 16,000 shares and Arun Deep Bakshi with 13,634 shares, will also sell part of their holdings.
Founded in 2016, Klassroom operates a hybrid learning ecosystem that combines an AI-powered education OTT platform with a network of 30 offline partner centres. The platform offers more than 100 courses for students in Classes 8 to 12, featuring recorded and live classes. The company follows a multi-channel business model spanning B2C, B2B2C, B2B and B2G operations.
At its core is the B2C revenue stream, driven primarily by subscriptions to its OTT platform. In the offline segment, partner centres cater to both academic and skill-development needs. Academic coaching fees range between Rs 25,000 and Rs 45,000 per year. The company follows a franchise-led, asset-light model to expand its physical footprint.
Klassroom also collaborates with state governments, private companies, educational institutions, central agencies, universities and skill development missions to execute large-scale academic and skilling programmes. These include digital content deployment, student and teacher training, AI and ML labs, hybrid learning programmes, university-approved internship modules and capacity-development initiatives.
The company claims a nationwide footprint of more than 4 lakh registered users, 1 lakh subscribers and 1 lakh mobile app downloads.
In FY25, the company’s revenue from operations rose 120 percent to Rs 10.1 crore from Rs 4.6 crore in FY24. Net profit increased nearly eightfold to Rs 2.9 crore from Rs 34.4 lakh a year earlier.
For the six months ended September FY26, Klassroom reported operating revenue of Rs 12.4 crore and a net profit of around Rs 4 crore.
To date, the 10-year-old startup has raised over $2 million from investors including actor Suniel Shetty, ah! Ventures, LetsVenture, CPT Family Trust and Growth Sense.
