The Indian edtech sector is witnessing a significant transformation with the upcoming IPO of Klassroom Edutech, a pioneering company backed by Bollywood actor and entrepreneur Suniel Shetty. This company is recognized for its innovative approach to education through its AI-supported “Education OTT Platform,” aiming to make quality education accessible and affordable.
Company Overview
Klassroom Edutech was co-founded by Alka Javeeri, Dhruv Javeeri, and Dhumil Javeeri. The company has established a robust presence in the education sector, currently serving over 5,00,000 students across more than 600 cities through its online platform and 200+ offline learning centres. Klassroom Edutech’s mission aligns with the National Education Policy (NEP) 2020, which emphasizes modernizing education in India.
Klassroom Edutech’s offerings span academic courses for grades 1 to 12, covering core subjects such as mathematics, science, and English. But it doesn’t stop there. The company also delves into vocational training, equipping learners with practical skills like coding and carpentry. The platform’s hybrid approach—which marries digital convenience with offline support—has struck a chord with students and parents alike. Its growth has been backed by around USD 2.08 million in funding, fueling its expansion and innovation.
Recent Developments
In a recent funding round led by ah! Ventures, Klassroom Edutech successfully raised growth capital, which will bolster its operations and expansion plans. The funding was also supported by notable investors including LetsVenture, Hem Securities, Meteor Ventures, and Growth Sense Fund. This financial backing reflects strong investor confidence in the company’s business model and growth potential.
Investor Confidence and Future Prospects
Commenting on the company’s journey, Amit D Kumar, Senior Partner at ah! Ventures, stated: “We are proud of Classroom’s achievements and excited to support their vision. Education has always been our priority, and Classroom is poised for remarkable growth.”
Similarly, Pranav Mahajani of LetsVenture emphasized the platform’s potential, noting:
“The hybrid model combining OTT education with offline centres is a game-changer, making education more accessible and affordable. We look forward to witnessing Classroom’s future milestones.”
Co-founder Alka Javeri echoed these sentiments, stating: “This funding round strengthens our mission to deliver quality education to all. With AI and NEP 2020-based content, we provide students with a holistic learning experience.”
Business Model and Profitability
Klassroom Edutech has hit the ground running with its unique blend of online and offline education. The company has thrown together an OTT app with good old-fashioned learning centres. Within just the first year, the company has more than 50,000 subscribers to its app. The platform isn’t just an average study tool; it’s a whole ecosystem where you can dive into academic courses, pick up new skills, plan your career trajectory, or even learn a new language.
The company has seen a 7X return on investment over the last three years. The company is aiming for a triple growth rate every year. So, while the business world keeps spinning with its highs and lows, Klassroom Edutech seems to have found a sweet spot, blending tech with the tangible, chalk-and-talk experience.
Strategic Partnerships
Recently, Klassroom Edutech signed a Memorandum of Understanding (MOU) with the Rajasthan government to provide skill development courses to 3,00,000 students across 3,000 schools. This partnership underscores the company’s commitment to enhancing educational opportunities in collaboration with governmental initiatives.
Klassroom Edutech IPO Plans
Klassroom Edutech’s strong business model and profitability position it well for an initial public offering (IPO). The company is preparing to launch its IPO in 2025 as part of a broader trend of new-age tech companies entering the public markets. This move is expected to attract significant investor interest given the growing demand for innovative educational solutions in India.
Industry Context
In 2024, a total of 90 IPOs listed in the primary market, out of these 71 delivered positive returns and 19 ended in the red. These IPOs cumulatively raised INR 1,59,524.02 Crore. The average returns across all IPOs stand at an impressive 30.12%.
Analysts predict that 2025 will witness even more activity in this space, with numerous startups eyeing public listings. Klassroom Edutech’s upcoming IPO is anticipated to be part of this wave, further solidifying its role as a leader in the edtech industry.
Conclusion
Klassroom Edutech is poised to make a significant impact on the education landscape in India with its upcoming IPO. By leveraging technology and innovative teaching methods, it aims to revolutionize how education is delivered while ensuring accessibility for all students. As it prepares for this major milestone, Klassroom Edutech continues to garner support from investors and stakeholders committed to enhancing educational outcomes across the nation. For more information related to IPO GMP, SEBI IPO Approval, and Live Subscription stay tuned to IPO Central.
