Edtech startup Klassroom has moved a step closer to going public after receiving in-principle approval from the Bombay Stock Exchange (BSE) for its proposed Initial Public Offering (IPO) on the SME platform. The approval follows the company’s Draft Red Herring Prospectus (DRHP) filing earlier this year and marks a significant milestone in its public market journey.
The proposed IPO will consist of a fresh issue of up to 19.89 lakh equity shares and an Offer for Sale (OFS) of up to 4.66 lakh shares by existing shareholders, including promoters and angel investors. The company plans to utilize the proceeds to strengthen its technology infrastructure, expand AI and machine learning capabilities, develop educational content, support marketing initiatives, and repay debt.
Founded in 2016 by Alka Javeri, Dhruv Javeri, and Dhumil Javeri, Klassroom operates a hybrid education model that combines an AI-powered digital learning platform with a network of offline partner centres. The company primarily serves students from Classes 8 to 12 through live and recorded learning programmes.
Klassroom has demonstrated strong financial growth ahead of its planned listing. In FY25, the company more than doubled its operating revenue to ₹10.1 crore, while net profit increased significantly to ₹2.9 crore. For the six months ended September 2025, it reported revenue of ₹12.4 crore and a net profit of nearly ₹4 crore.
The IPO is expected to support Klassroom’s expansion strategy and strengthen its position in India’s evolving edtech landscape, as the company continues to invest in AI-driven learning solutions and scalable digital education infrastructure.
