Mumbai-based edtech startup Klassroom Edutech, backed by Bollywood actor and entrepreneur Suniel Shetty, has raised an undisclosed amount in a Pre-Series A funding round. The round was led by ah! Ventures, with participation from LetsVenture, Hem Securities, Meteor Ventures, and Growth Sense Fund.
Founded in 2016 by Alka, Dhruv, and Dhumil Javeri, Klassroom has developed a hybrid education model that combines an AI-driven education over-the-top (OTT) platform with a network of over 200 offline learning centers. This approach has enabled the startup to serve over 500,000 students across 600 cities, emphasising accessible, affordable, and accountable education.
The company plans to use the fresh capital to advance its AI-driven technology, enhance content creation, and expand its footprint in southern states like Karnataka, Telangana, and Andhra Pradesh, as well as northeastern regions. Klassroom also has its sights set on international markets, including the United States, UAE, and Singapore.
A significant milestone in the company’s journey is its recent Memorandum of Understanding (MOU) with the Government of Rajasthan. Through this partnership, Klassroom will provide skill development courses to 300,000 students across 3,000 schools, aligning with the National Education Policy (NEP) 2020’s focus on holistic and skill-based learning.
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Suniel Shetty, who joined as an investor in 2023, supports Klassroom’s social initiatives, including the Suniel Shetty Scholarship Scheme, which aims to bridge educational gaps for underprivileged students in India.
Klassroom’s financial performance has been impressive, achieving 35% EBITDA profitability and 20% PAT profitability. The startup has delivered sevenfold investor wealth growth over the past three years, with year-on-year revenue tripling.
In addition to its funding success, Klassroom is preparing for a Small and Medium Enterprise (SME) Initial Public Offering (IPO). While specific details of the IPO remain undisclosed, the move is expected to further strengthen the company’s growth trajectory.
