Edtech

Suniel Shetty-Backed Klassroom Edutech Secures Funding to Boost AI Expansion

• ByStartupStory     |    January 2, 2025

Mumbai-based edtech startup Klassroom Edutech, backed by Bollywood actor and entrepreneur Suniel Shetty, has successfully raised an undisclosed amount in a Pre-Series A funding round. The round was led by ah! Ventures with participation from LetsVenture, Hem Securities, Meteor Ventures, and Growth Sense Fund.

The company plans to utilize the funds to advance its AI-driven technology, enhance content creation, and expand strategically into southern states like Karnataka, Telangana, and Andhra Pradesh, as well as the northeastern regions. International expansion into markets such as the US, UAE, and Singapore is also on the horizon.

Having already raised over $1.5 Mn across funding rounds, Klassroom boasts an impressive network of investors, including ah! Ventures Angel Fund, Hem Angels, Pavan Bakeri, Kishore Ganji, and others. Bollywood actor Suniel Shetty, who invested in 2023, supports the startup’s social initiatives through the Suniel Shetty Scholarship Scheme.

Speaking about the funding, Amit D Kumar, senior partner at ah! Ventures, said, “Education is a sector we have also believed and backed and I am sure there are more exciting milestones which Klassroom is on its way to achieve.”

Pranav Mahajani, from LetsVenture, added, “Klassroom’s innovative hybrid model, combining their Education OTT platform with offline learning centres, addresses critical challenges of accessibility, affordability, and accountability in education. We believe Klassroom is poised to redefine the future of learning in India and beyond.”

Founded in 2016 by the mother-and-sons trio Alka, Dhruv, and Dhumil Javeri, Klassroom has established a hybrid education model that combines an AI-driven OTT platform with a network of over 200 offline learning centres. It has already served over 500,000 students across 600 cities and aims to provide affordable, accessible, and accountable education.

In a significant milestone, the startup recently signed an MOU with the Government of Rajasthan to provide skill development courses to 300,000 students in 3,000 schools.

Highlighting the startup’s alignment with the National Education Policy (NEP) 2020, cofounder Alka Javeri said, “By combining technology and content aligned with NEP 2020, we are empowering students with holistic learning experiences.”

Klassroom has demonstrated strong financial performance, achieving 35% EBITDA profitability and 20% PAT profitability. The startup has also delivered 7X wealth growth to investors over the past three years, with 3X year-on-year revenue growth.

The company is preparing to launch an SME IPO, a move expected to bolster its growth trajectory further. While specific details remain undisclosed, the plans are set to unfold soon.

This news was first reported by Inc42, which also highlighted that edtech startups raised over $568 Mn in 2024, despite a decline in deal counts. Emerging opportunities in AI-driven tutoring and gamified education platforms are seen as growth areas for the sector.

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