Last Updated on February 20, 2026 by Rajat Bhati
Fusion Klassroom Edutech, a fast-growing player in India’s dynamic education technology sector, has submitted its DRHP with the Bombay Stock Exchange (BSE). Narnolia Financial Services is the Book Running Lead Manager while Maashitla Securities is the registrar of the issue. Klassroom Edutech IPO will consist of a fresh issue (19,89,400 shares) and an offer for sale (4,65,800 shares), totaling 24,55,200 equity shares with a face value of INR 10. The Klassroom IPO filing appears to be driven by the growing demand for scalable, technology-driven learning solutions.
Klassroom Edutech IPO: Financial Performance
| Particulars | FY 2023 | FY 2024 | FY 2025 | H1 FY2026 |
|---|---|---|---|---|
| Revenue from Operations | 4.82 | 4.58 | 10.09 | 12.31 |
| Total Expenses | 5.56 | 4.19 | 7.01 | 7.40 |
| EBITDA | (0.46) | 1.02 | 4.06 | 6.19 |
| Profit After Tax | (0.68) | 0.34 | 2.90 | 3.97 |
| ROCE (%) | (19.99) | 12.41 | 29.92 | 27.37 |
| EPS (INR) | (1.00) | 0.50 | 4.14 | 5.45 |
Key Operational Metrics (as of H1 FY26)
- Total Registrations: 4,56,316
- Active Users: 46,000
- Total Subscribers: 1,61,800
- Number of Offline Centers: 30
- Number of Courses: 111
- Number of Faculty: 63
- App Downloads: 1,05,689
Klassroom Edutech IPO Business Model
Klassroom Edutech stands out for its hybrid delivery model:
- 30 offline partner centers (primarily in Maharashtra, with national project expansion).
- AI-powered Education OTT platform with over 100 courses and 3,300+ hours of content.
- Nationwide user base with significant traction in Uttar Pradesh, Rajasthan, and Maharashtra.
The platform is accessible in multiple regional languages and supports both B2C (direct to learners) and B2B (SaaS licensing to institutions and government partners).
Government and Institutional Partnerships
The company has executed large-scale projects with:
- Rajasthan Government: Digital learning and skilling deployments across schools and ITIs.
- Maharashtra: Collaboration with MSSDS and TSSC for AI/ML labs and training.
- Uttar Pradesh: Digital education initiatives for over 1,000 girl children.
- Tripura: Curriculum-aligned content and hybrid learning for state schools.
Klassroom Edutech IPO: Use of Funds
Net proceeds from the issue will be allocated toward:
- Repayment/prepayment of certain borrowings.
- Investment in technology, AI/ML model development, and content.
- Expansion of AI/ML labs and infrastructure.
- Marketing initiatives.
- Pursuing inorganic growth and acquisitions.
Technology and Product Innovation
Klassroom’s proprietary AI-powered OTT platform delivers:
- Personalized and adaptive learning.
- HD-quality, NEP-aligned, and multi-lingual content.
- Engagement analytics and flexible access (web, mobile).
- White-label SaaS opportunities for institutions.
Faculty and Student-Centric Focus
With a student-first approach, Klassroom offers affordable pricing (OTT subscriptions from INR 1,250/year; offline courses INR 25,000–45,000/year), dedicated support, and faculty development aligned with national skill frameworks.
Competitive Position
In a crowded edtech market, Klassroom is differentiated by:
- Its hybrid delivery model (digital + offline).
- Deep government partnerships and institutional reach.
- Affordable mass-market pricing.
- AI-powered, regional language content.
Final Words
Klassroom Edutech’s financials reflect a strong turnaround and rapid scale-up. The company’s revenue has grown more than 2x since FY23, the company has also moved towards profitability, and has achieved operational leverage. The shift to digital revenue and the successful execution of government projects are driving both growth and margins. The company’s operational metrics—registrations, subscribers, and active users—all point to strong demand.
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