Binny Bansal-backed Winspark Plans IPO Following 2 Consecutive Years of Profitability

Edtech venture Winspark Innovations Learning, the parent company of PlanetSpark, is preparing for a public listing once it crosses 2 key milestones: 2 consecutive years of profitability and ₹800 crore in revenue, as per news reports. 

Backed by Flipkart co-founder Binny Bansal, the company has set FY26 as its first profitable year, with plans to sustain that momentum into the following year.

Profitability Goals And IPO Vision

Co-founder Kunal Malik outlined the company’s roadmap in an interview with PTI. “IPO has been the vision for us over the last couple of years. Our goal was very simple: we would first turn the company profitable sustainably and demonstrate at least two years of profitability and then go for an IPO at a revenue scale of about ₹800 crore. The first leg of this is almost done because FY26 is what we are seeing as our first profitable year,” he said. 

Malik added that with a limitless addressable market, driven by both Indian and international learners, achieving the revenue scale of ₹800 crore alongside consistent profitability would create the right foundation for going public.

Funding, Revenue And Market Traction

Winspark has raised $27 million from investors including Binny Bansal, MakeMyTrip founder Deep Kalra and Prime Ventures, with earlier support from Prime Venture Partners, Alteria Capital, InnoVen Capital and FIITJEE. 

As per news reports, the company expects gross revenue of ₹145–150 crore in the current year, a 65–70% jump from the previous year, with 80% of earnings generated in India and the rest from overseas markets. About half of its traction now comes from non-metro cities. 

Malik noted, “People come to us to impart these skills to their kids. The middle-income segment in India sees this as a new way to achieve upward mobility. They understand that in the AI-driven world, communication and soft skills will play a massive role in employability going forward.”

Products and Expansion Strategy

PlanetSpark today serves learners ranging from pre-kindergarten children to working professionals, building critical soft skills. Winspark is expanding its reach into professional learning with Winspark.ai, designed for individuals with 0–15 years of work experience. In June, the company introduced Project EMMA (Empathetic Moms Mentoring AI), where experienced educator-mothers help embed emotional intelligence into its AI tutor. 

Read More: CMR Green Technologies Submits Draft Papers to SEBI for IPO Approval!

Conclusion

With profitability in sight for FY26, growing revenues, and a bold expansion strategy, Winspark is charting a clear course towards its IPO. Backed by marquee investors and strengthened by innovative platforms like Winspark.ai and Project EMMA, the company is positioning itself to emerge as a significant player in the global edtech landscape.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.