Suniel Shetty-Backed Klassroom Edtech Files DRHP for BSE SME IPO Amid 120% Revenue Surge

Indian edtech startup Klassroom has taken a major step towards going public by filing its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an IPO on the Bombay Stock Exchange (BSE) SME platform. This move follows strong growth and improved profits, suggesting the startup is ready to attract public market investors.

The DRHP was submitted in mid-February 2026 and lays out the details of the proposed public offer. The IPO will include both a fresh issue of equity shares and an offer-for-sale (OFS) by some of the company’s early shareholders.

What the IPO Includes and How Funds Will Be Used

Klassroom’s forthcoming IPO consists of:

• Up to 19.89 lakh fresh equity shares for subscription.
• Up to 4.66 lakh shares offered by existing investors and founders under the OFS portion.

The fresh issue proceeds are planned to be used for several purposes:

• Repaying or pre-paying debt
• Strengthening the company’s technology, particularly artificial intelligence (AI) and machine learning (ML) capabilities
• Supporting content development
• Boosting marketing efforts

Founders and angel investors, including co-founders Alka, Dhruv, and Dhumil Javeri, will be among those selling shares through the OFS.

Klassroom's Rapid Growth in Revenue and Profit Before IPO

Klassroom has shown noteworthy financial improvement in recent years:

• FY25 revenue jumped 120 per cent, rising from around ₹4.6 crore in FY24 to ₹10.1 crore in FY25.
• Net profit surged almost eightfold, from ₹34.4 lakh in FY24 to ₹2.9 crore in FY25.
• In the first six months of FY26, the company reported about ₹12.4 crore in operating revenue and approximately ₹4 crore in net profit.

These figures show improving profitability, a notable achievement in the edtech sector, where many startups still struggle to break even.

What is Klassroom? Hybrid Learning Platform Explained

Founded in 2016 in Mumbai, Klassroom runs a hybrid model blending an AI-powered OTT app with 30 offline partner centres. It targets students in classes 8 to 12 with over 100 courses, live and recorded classes, plus skill training.

The app has 1 lakh downloads, over 4 lakh registered users, and 1 lakh subscribers. Offline centres charge Rs 25,000 to Rs 45,000 yearly for coaching. Klassroom uses a franchise model for quick growth without heavy assets.​

It works across B2C subscriptions, B2B2C partnerships, B2B deals, and B2G projects with governments. These include teacher training, AI labs, hybrid programmes, and internships with universities and skill missions.​

Backers include actor Suniel Shetty, ah! Ventures, LetsVenture, and CPT Family Trust. The firm raised over $2 million so far.

What Happens Next

Filing the DRHP is an early but important step in launching the IPO. The next phase will be SEBI’s review and approval process, after which Klassroom will set a final issue price and dates for public subscription.

If successful, this offering would make Klassroom one of the few listed edtech companies in India, following the example of larger peers that recently tapped public markets.