Edtech Startup Klassroom Moves Toward Listing: DRHP Filed for BSE SME IPO

Klassroom, the Mumbai‑based edtech platform, has submitted its draft red herring prospectus to the BSE, outlining a public issue that includes a fresh issue of up to 19,89,000 equity shares and an offer for sale component of up to 4,66,000 equity shares. 

Klassroom IPO Details 

The public issue will raise capital through a fresh issue of 19,89,000 shares and an offer for sale of 4,66,000 shares. The cofounders – Alka Javeri and her sons Dhruv and Dhumil Javeri – will sell the largest block of 3,52,000 shares via the offer for sale.  

Angel investors including Deepti Choudhary (28,471 shares), Chandra Prakash Toshniwal (16,040 shares), Utsav Verma (16,000 shares) and Arun Deep Bakshi (13,634 shares) will also participate. 

Share Allocation and Offer for Sale 

The fresh issue proceeds are earmarked to repay or prepay existing borrowings, strengthen the AI/ML technology stack and fund content development and marketing initiatives.  

The offer for sale provides existing shareholders an exit route while maintaining the company’s operational capital. 

Read More: These 7 IPOs From 2025 Delivered the Highest Returns Since Listing: Aditya Infotech, Ather Energy Lead! 

Business Model and Reach 

Klassroom operates a hybrid learning ecosystem with 30 offline partner centres and an AI‑powered OTT app offering over 100 courses for classes 8 to 12. The platform reports more than 4,00,000 registered users, 1,00,000 subscribers, and 1,00,000 mobile app downloads. 

Revenue streams include B2C OTT subscriptions, B2B2C collaborations with schools, B2B contracts with corporates and B2G programmes with state governments and skill development missions. Academic coaching fees range from ₹25,000 to ₹45,000 per year. 

Financial Highlights 

In H1 FY26, the company posted operating revenue of ₹12,40,00,000 and net profit of ₹4,00,00,000. FY25 saw net profit rise to ₹2,90,00,000 from ₹34,40,000 in the prior year, an increase of nearly 8 times.  

Operating revenue grew 120% to ₹10,10,00,000 in FY24 from ₹4,60,00,000 in FY23. To date, Klassroom has raised over $2,000,000 from investors such as Suniel Shetty, ah! Ventures, LetsVenture, CPT Family Trust and Growth Sense. 

Conclusion 

Klassroom’s DRHP filing outlines a public issue of 19,89,000 fresh shares and 4,66,000 offer for sale shares, with proceeds directed towards debt reduction, technology upgrades and marketing. The company’s hybrid model, extensive user base and recent financial growth provide context for the upcoming SME IPO. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or 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.