Klassroom Files DRHP For BSE SME IPO

Aiming to be India’s second publicly listed edtech startup after PhysicsWallah, LetsVenture-backed Klassroom has filed its DRHP with the BSE for an SME IPO.

Klassroom’s upcoming public issue will include up to 19.89 lakh new equity shares and an offer-for-sale (OFS) of up to 4.66 lakh shares.

The Mumbai-based startup plans to use the funds from the new shares to repay some loans, enhance its AI/ML technology, and invest in content development and marketing.

Read also- Swiggy shuts down 15-min food delivery app Snacc due to profit pressures

The cofounders – mother-and-sons Alka, Dhruv, and Dhumil Javeri – will sell the most shares in the OFS, up to 3.52 lakh. Other angel investors, including Deepti Choudhary (28,471 shares), Chandra Prakash Toshniwal (16,040), Utsav Verma (16,000), and Arun Deep Bakshi (13,634), will also sell shares through the OFS.

Founded in 2016, Klassroom offers a hybrid learning system with 30 offline partner centres and an AI-powered education app featuring over 100 courses for classes 8–12. It claims over 4 lakh registered users, 1 lakh subscribers, and 1 lakh app downloads nationwide.

The startup follows a multi-channel model, combining B2C, B2B2C, B2B, and B2G operations. Its main revenue comes from B2C subscriptions on the OTT platform.

Advertisment

Offline, Klassroom’s partner centres offer academic coaching and skill development, with fees ranging from ₹25,000 to ₹45,000 per year. The company also works with governments, universities, companies, and educational institutions to run large-scale academic and skilling programmes, including digital content, teacher training, AI/ML labs, hybrid learning, internships, and capacity-building initiatives.

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Latest Business and Startup News: Discover Funding Trends and Stories Shaping Indian Startups.

Startup Funding News: Your Gateway to Every Funding Update.

Latest Startup News: Stay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.

Startup Stories: Discover inspiring tales of startups overcoming challenges, and achieving succes.