Klassroom, an edtech startup, is making significant strides in the education technology sector. Following PhysicsWallah’s lead, Klassroom, supported by LetsVenture, has submitted its DRHP for a BSE SME IPO, aiming to become the second listed edtech startup in India.
The Mumbai-based company plans to leverage the IPO proceeds to enhance its AI/ML technology stack, content development, and marketing efforts. The offering includes a fresh issue of up to 19.89 Lakh equity shares and an offer-for-sale of up to 4.66 Lakh equity shares.
Founded in 2016, Klassroom stands out with its hybrid learning ecosystem comprising offline partner centers and an AI-powered education OTT app offering a diverse range of courses for classes 8 to 12. With a user base exceeding 4 Lakh registered users, 1 Lakh subscribers, and 1 Lakh app downloads, Klassroom has established a strong national presence.
The startup’s multi-channel business model integrates various operations, with its B2C revenue stream primarily driven by earnings from OTT platform subscriptions. The founders, alongside angel investors, aim to offload shares through the IPO, further fueling Klassroom’s growth trajectory.
Source: Inc42 Media