Mumbai-based Klassroom is set to become India's second edtech startup to list in the public market through an SME IPO. It has filed documents with the BSE for this purpose. The IPO includes 19.89 lakh new shares and 4.66 lakh offer-for-sale (OFS) shares sold by the founders and existing investors.
The proceeds from the IPO will be used to pay off the company's liabilities, further develop its AI technology, and for marketing purposes. The company, which started operations in 2016, provides services to students through an AI-based online app and 30 offline centers. Apart from this, they are also implementing several educational skill projects in collaboration with state governments and other institutions.
The company is currently achieving rapid financial growth. In the first half of the financial year 2026, the company is expected to generate revenue of Rs 12.4 crore and profit of Rs 4 crore. The startup achieved an eight-fold increase in profit in the financial year 2025 compared to the previous year. Classroom also has investment support from celebrities including actor Sunil Shetty.