Edtech startup Klassroom is set to launch its initial public offering (IPO) on the BSE SME platform in the second quarter of FY27, according to inc42.com. The company received in-principle approval from BSE in May after filing its draft red herring prospectus (DRHP) in February. The IPO will include a fresh issue of up to 19.89 lakh equity shares and an offer-for-sale of up to 4.66 lakh shares.
Founded in 2016 by Alka Javeri and her sons Dhruv and Dhumil Javeri, Klassroom operates a hybrid learning platform that integrates offline coaching centres with an education OTT app. The startup has over 4 lakh registered users and more than 1 lakh subscribers, supported by a network of 30 partner centres across India. Its revenue streams include direct consumer subscriptions, partner centres, enterprise partnerships, and government projects.
Klassroom plans to allocate ₹5.35 crore from the IPO proceeds to enhance content development, focusing on educational video production, subtitles, audio review, and skill-based courses such as AI and machine learning, Agentic AI, sales training, and customer support programmes. Additionally, ₹1.68 crore will be used for cloud hosting, APIs, backend infrastructure, AI engineers, app maintenance, and integrations with universities and government systems. The startup also collaborates with state governments, universities, and private organisations on digital learning, teacher training, AI labs, and skilling initiatives.
The IPO on the BSE SME platform is expected to provide Klassroom with the capital needed to expand its educational offerings and technology infrastructure. The company’s filing and approval details are publicly available on the BSE website, confirming its readiness to enter the public market in the upcoming quarter.