Edtech startup Fusion Klassroom has received in-principle approval from the Bombay Stock Exchange (BSE) for its proposed initial public offering (IPO) on the exchange's SME platform.
The development comes more than three months after the company filed its DRHP with SEBI in February 2026.The company had also converted itself into a public limited entity in November last year, which was first exclusively reported by Entrackr.
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 equity shares by existing shareholders, including the company's promoters and angel investors.
According to its DRHP, the company plans to utilise the proceeds from the fresh issue towards debt repayment, enhancing its technology infrastructure with a focus on AI and machine learning capabilities, content development, and marketing initiatives.
Founded in 2016 by Alka Javeri, Dhruv Javeri, and Dhumil Javeri, Klassroom operates a hybrid education model that combines its AI-powered edtech platform with a network of offline partner centres. The company caters primarily to students in Classes 8 to 12 through live and recorded learning programmes, while scaling its presence through an asset-light, franchise-driven approach.
Financially, Fusion Klassroom more than doubled its operating revenue to Rs 10.1 crore in FY25 from Rs 4.6 crore in FY24, while its net profit surged to Rs 2.9 crore from Rs 34.4 lakh. For the six months ended September 2025, the company reported Rs 12.4 crore in revenue and nearly Rs 4 crore in net profit.
-Entrackr