Exclusive: Suniel Shetty-backed Klassroom converts into public company

Education OTT platform Klassroom Edutech has begun preparing for its initial public offering (IPO), joining the growing list of startups going public, after passing a resolution to convert into a public company.

Klassroom’s board passed a special resolution to change the company’s status to a public company and rename it from “Fusion Klassroom Edutech Pvt Ltd” to “Fusion Klassroom Edutech Limited,” according to its filing with the Registrar of Companies (RoC).

According to media reports from January 2025, the company was planning to launch an SME IPO later that year.

Founded in 2016 by Alka, Dhruv, and Dhumil Javeeri, Klassroom is an O2O (offline to online) tutoring platform for students from 6th to 12th grade, as well as IIT JEE, NEET, CA, and CS aspirants. The platform has over 200 offline partner centers across 600 cities and over 300,000 online learners. 

Earlier this year in January, the company secured undisclosed funding in a Pre-Series A funding round led by ah! Ventures, along with participation from LetsVenture. 

For the fiscal year ended March 2024, Klassroom’s operating revenue remained flat at Rs 4.6 crore, while the company turned profitable with a net profit of Rs 28.5 lakh. The FY25 numbers are yet to be disclosed.

Another edtech firm PhysicsWallah plans to raise Rs 3,820 crore through its IPO, including a Rs 3,100 crore fresh issue and a Rs 720 crore offer for sale by co-founders Alakh Pandey and Prateek Boob.