Education-technology firm Klassroom Edutech has converted from a private to a public company, a key corporate step that typically precedes a stock-market listing. The board approved a special resolution to change its status and name from “Fusion Klassroom Edutech Pvt Ltd” to “Fusion Klassroom Edutech Limited,” according to a filing with the Registrar of Companies (RoC).
The Mumbai-based “education OTT” platform, backed by actor-entrepreneur Suniel Shetty, has been preparing for an initial public offering, potentially on the SME platform, as earlier media reports in January suggested. While the company has not announced timelines for a draft prospectus, the conversion aligns with a broader pipeline of startup listings in the coming quarters, the Entrackr report added.
Klassroom—founded in 2016 by Alka, Dhruv and Dhumil Javeri—operates a hybrid model combining an online learning app with a network of offline partner centres. The platform serves students from Classes 6–12 and exam aspirants for IIT-JEE, NEET, CA and CS, with over 200 partner centres across 600 cities and 3 lakh-plus online learners, the report said.
Financially, the company reported operating revenue of about INR 4.62 crore in FY24 and a net profit of INR 28.5 lakh, according to startup data platform TheKredible. FY25 numbers are yet to be disclosed.
In January 2025, Klassroom secured undisclosed growth capital led by ah! Ventures with participation from LetsVenture and others, strengthening its balance sheet ahead of scale-up plans, according to multiple reports and company communications at the time. The company has previously highlighted state partnerships and social initiatives as part of its growth strategy.
“The conversion to a public company is a necessary precursor to filing an SME DRHP and gives the firm flexibility to broaden its shareholder base,” said a Mumbai-based analyst, noting that execution on profitable growth in a competitive edtech market will remain the key investor focus.
A Klassroom spokesperson said the move “formally readies the company for public-market scrutiny” and supports its plan to expand the hybrid model across more cities.
Background and Peers
Klassroom has positioned itself as an “education OTT” play with AI-led content and offline centres, a model it argues improves accessibility and accountability versus pure-play online rivals. Suniel Shetty joined as an investor in 2023, adding brand heft to outreach, according to earlier announcements. The company’s push comes as several Indian edtechs explore primary markets for growth capital after a period of funding rationalisation.
What’s Next
Post-conversion, the company is expected to finalise board and governance changes required of a public limited company, and may move to file a DRHP, subject to market conditions. Klassroom IPO size, valuation and use-of-proceeds details will be known only once the offer documents are filed.
At a Glance
- Status change: Private to public; new name “Fusion Klassroom Edutech Limited,” per RoC filing.
- IPO preparation: Company is gearing up for a potential SME IPO; timetable not disclosed.
- FY24 financials: Revenue INR 4.62 crore; PAT INR 28.5 lakh; FY25 yet to be reported.
- Business model: Hybrid “education OTT” plus 200+ partner centres across 600 cities; 3 lakh+ online learners.
- Recent funding: Undisclosed growth round in Jan 2025 led by ah! Ventures with LetsVenture participation.
Key Metrics
| Metric | FY24 |
| Revenue from operations | 4.62 |
| PAT | 0.29 |
| Partner centres | 200+ |
| Online learners | 3 lakh+ |
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