Fusion Klassroom Approved for IPO on BSE’s SME Platform

Fusion Klassroom has achieved in-principle approval from the Bombay Stock Exchange (BSE) for its ambitious initial public offering (IPO) on the exchange’s SME platform. This significant development follows the company’s submission of its Draft Red Herring Prospectus (DRHP) to SEBI in February 2026, over three months prior. In November of last year, the startup transitioned into a public limited entity, a milestone that was first exclusively reported by Startup Superb.

The proposed IPO will include a fresh issuance of up to 19.89 lakh equity shares, alongside an offer-for-sale (OFS) of up to 4.66 lakh equity shares by current shareholders, which consist of the company’s promoters and angel investors.

Utilisation of IPO Proceeds

As outlined in its DRHP, Fusion Klassroom intends to use the funds from the fresh issue to repay debt, improve its technology infrastructure with a focus on artificial intelligence and machine learning capabilities, develop content, and implement various marketing initiatives.

About Fusion Klassroom

Founded in 2016 by Alka Javeri, Dhruv Javeri, and Dhumil Javeri, Fusion Klassroom operates using a hybrid educational model that integrates its AI-powered edtech platform with a network of offline partner centres. Primarily aimed at students in Classes 8 to 12, the company offers both live and recorded learning programmes while expanding its reach through a franchise-driven, asset-light approach.

Financial Performance

In terms of finance, Fusion Klassroom saw its operating revenue more than double to Rs 10.1 crore in FY25, compared to Rs 4.6 crore in FY24. Additionally, the company’s net profit experienced a substantial increase, rising to Rs 2.9 crore from Rs 34.4 lakh. For the six months ending in September 2025, Fusion Klassroom reported revenue of Rs 12.4 crore and nearly Rs 4 crore in net profit.