Klassroom Raises Funding To Expand Its AI Play
Suniel Shetty-Backed Klassroom Edutech Raises Funding To Expand Its AI Play
The Mumbai-based edtech startup Klassroom has secured fresh Pre-Series A funding. Ah! Ventures have taken the lead in this significant funding round. Several prominent investors, including LetsVenture and Meteor Ventures, have joined forces. The startup aims to enhance its AI-driven technology with these new funds. Klassroom Raises Funding. The company will need to enhance its capacity for content creation.
The funding is an important stage in the development of Klassroom since 2016. In addition, the startup enjoys a funding advantage having raised over $1.5 million in different rounds. The hybrid education model of this company has seen significant interest from investors in the recent past. Furthermore, the company has provided good profit-making ratios in the industry in the operation of the platform.
Looking at its financial standing, it deserves mention that the firm has rather high-profit margins at the moment. Therefore, Klassroom is now making 35% EBITDA and 20% PAT profitability. On the other hand, the startup sets soaring goals for the future years of its growth.
Expansion Plans for Southern and Northeastern States
Klassroom has outlined ambitious plans to expand into Karnataka and Telangana soon. The company currently operates successfully across eight Indian states, including Maharashtra. Furthermore, the startup aims to establish a strong presence in Andhra Pradesh.
The platform has signed a significant MOU with the Rajasthan government. Subsequently, they will provide skill development courses to 300,000 students there. Additionally, the company plans to venture into international markets like Singapore.
Klassroom Raises Funding & it’s Strong Investor Backing
Bollywood actor Suniel Shetty has provided substantial backing to Klassroom since 2023. The actor actively supports the startup’s social initiatives through his scholarship scheme. Moreover, several prominent investors have shown confidence in Klassroom’s vision.
Ah! Ventures’ senior partner emphasised their continued belief in the education sector. Subsequently, LetsVenture praised Klassroom’s innovative hybrid model for addressing educational challenges.
The mother-and-sons founding trio continues to drive the company’s growth effectively. Meanwhile, their focus remains on supporting both rural and urban students.
Klassroom’s Hybrid Education Model and OTT Platform
The startup’s OTT platform has garnered over 50,000 subscribers in its first. Moreover, the platform offers comprehensive learning solutions aligned with NEP 2020. Furthermore, students can access various courses, including IIT-JEE and CA preparation. The Key Features of the platform are:
- Serves more than 500,000 students
- Offers education for students from 6th to 12th standard
- Provides preparation for competitive exams like IIT-JEE, NEET, CA, and CS
- Utilizes an AI-driven education OTT platform
- Operates over 200 offline learning centers across 600 Indian cities
Klassroom operates through 200 offline learning centres across 600 Indian cities. Subsequently, the platform serves more than 500,000 students through its hybrid model. Additionally, the company provides skill-based training for industry jobs.
Future Growth and Plans for IPO
Klassroom has announced plans to launch an SME IPO in the near future. Subsequently, the company aims to strengthen its market position through this move.
The edtech sector shows promising growth despite funding challenges in recent times. Furthermore, AI-driven tutoring presents new opportunities for platforms like Klassroom.
The platform maintains its focus on technological advancement and geographical expansion. Meanwhile, Klassroom emphasises sustainable growth and profitability metrics consistently. The company’s hybrid model positions it uniquely in the market.
List of Investments done by Sunil Shetty:
| Category | Details |
|---|---|
| Startup Investments | |
| Biohacker | A healthcare and wellness clinic |
| Fittr | Personalized fitness and nutrition platform |
| REGRIP | Re-engineered tire startup |
| Aquatein | India’s first protein water brand |
| Vieroots | Health startup focusing on personalized lifestyle management |
| Lets Get Happi | Mental health treatment center and app |
| SQUATS | Online fitness community |
| Beardo | Men’s grooming startup (his first equity investment) |
| Owned Ventures | |
| Waayu | Food delivery app with zero commission |
| MetaMan | Men’s jewelry brand |
| R House | Luxury furniture and home lifestyle store |
| Mischief Dining Bar | A dining bar |
| Club H2O | Water adventure park and restaurant |
| Little Italy | Restaurant |
| Other Business Interests | |
| Real Estate | Investments in real estate |
| Hospitality Ventures | Various investments in the hospitality sector |
| Ferit Cricket Bash | Co-founder of the cricket tournament |
| HYPE | Brand ambassador for HYPE Luxury mobility platform |
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