Klassroom Receives In-Principle Approval For SME IPO, Targets Q2 FY27 Listing

Edtech startup Klassroom is planning to launch its initial public offering (IPO) on the BSE SME platform in the second quarter (July to September) of FY27, sources shared with Inc42. The startup, which filed its DRHP in February, received the in-principle approval from BSE to go ahead with its public offering in May, as per BSE data.

The proposed IPO comprises a fresh issue of up to 19.89 Lakh equity shares and an offer-for-sale (OFS) of up to 4.66 Lakh shares. 

Klassroom plans to use ₹5.35 Cr to bolster content development, specifically sharpen its educational video production, subtitles/audio review, and skill-based courses including AI & ML, Agentic AI, sales training and customer support programmes.

It also ₹1.68 Cr towards cloud hosting, APIs, backend infra, AI engineers, app maintenance and integrations with universities/government systems.

Founded in 2016 by Alka Javeri and her sons Dhruv and Dhumil Javeri, Klassroom operates a hybrid learning platform that combines offline coaching centres with an education OTT app. The startup claims to have more than 4 Lakh registered users, over 1 Lakh subscribers and a network of 30 partner centres across the country.

Klassroom generates revenue through a mix of direct consumer subscriptions, partner centres, enterprise partnerships and government projects. Apart from academic coaching programmes, it also works with state governments, universities and private organisations on digital learning, teacher training, AI labs and skilling initiatives.

The company had reported a sharp improvement in its financial performance ahead of the planned public listing. According to its DRHP, Klassroom posted an operating revenue of ₹12.4 Cr and a net profit of ₹4 Cr in the first half of FY26. In FY25, its operating revenue rose 120% year-on-year to ₹10.1 Cr, while profit increased nearly eightfold to ₹2.9 Cr.

The startup has raised more than $2 Mn from investors including LetsVenture, ah! Ventures, Growth Sense, CPT Family Trust and actor Suniel Shetty.

If launched as planned, Klassroom will join a growing list of venture-backed startups heading to the public markets. The development comes amid a revival in startup IPO activity, with companies such as PhysicsWallah, Capillary Technologies, Pine Labs, Groww and Urban Company going for public markets in the last one year. 

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