Klassroom Edutech, the world’s first AI-powered “Education OTT Platform,” has successfully raised growth capital in its latest funding round, which was led by Ah! Ventures and included participation from LetsVenture, Hem Securities, Meteor Ventures, and Growth Sense Fund.
Founded by fampreneurs Alka Javeri, Dhruv Javeri, and Dhumil Javeri, Klassroom Edutech’s vision is to influence, impact and support millions of families of students in India and make them economically and socially stable with the mission of ensuring that education is accessible, flexible and affordable to all with positive learning outcomes. It is transforming education through its AI-driven Education OTT platform and a network of 200+ offline learning centres, serving over 500,000 students across 600 cities. The platform, based on the National Education Policy (NEP) 2020 and aligned with the vision of Honourable Prime Minister Shri Narendra Modi, provides students with a wide range of learning experiences.
Speaking on the fundraising, Alka Javeri, Co-founder of Klassroom Edutech, said:
This funding reinforces our investors’ trust in our mission to make quality education accessible to all. By combining technology and content aligned with NEP 2020, we empower students with holistic learning experiences.
Since its launch, Klassroom’s OTT app has gained over 50,000 subscribers in its first year, demonstrating its rapid adoption. Its profitability signals its robust business model and positions the company for a potential public offering in the near future. The app offers a holistic learning ecosystem with content ranging from academics and skill-based training for industry jobs to career courses, language learning, and more.
Amit D Kumar, Senior Partner at ah! Ventures added:
We are very proud of what the Klassroom team has achieved so far and delighted to have been a part of their journey since their early days. Education is a sector we have also believed in and backed, and I am sure there are more exciting milestones that Klassroom is on its way to achieving.
In just three years, the company has generated a 7X wealth increase to its investors and is anticipated to grow 3X yearly, with revenues continually increasing. Klassroom is already profitable, which is a notable accomplishment in the industry. Strategic government collaborations and implementation projects are accelerating the company’s scalability and allowing it to reach more learners across India. The global e-learning market, valued at $250 billion in 2020, is expected to reach $1 trillion by 2027.
Pranav Mahajani, from LetsVenture, also commented:
At LetsVenture, we are committed to supporting transformative solutions that democratize access to education. Klassroom’s innovative hybrid model, combining their Education OTT platform with offline learning centres, addresses critical challenges of accessibility, affordability, and accountability in education. Klassroom is poised to redefine the future of learning in India and beyond, and we are proud to be part of their growth journey.
The startup has recently signed an MOU with the Government of Rajasthan to serve 3 lakh students and 3,000 schools through its skill development courses, further strengthening its commitment to empowering learners and making them job-ready according to industry requirements.
Bollywood actor and entrepreneur Suniel Shetty, who invested in Klassroom in 2023, continues to support the company’s vision of making education more accessible and affordable.
Klassroom Edutech has had the privilege of interacting with the Honourable Prime Minister, Shri Narendra Modi, and the Honourable President of India, Smt. Droupadi Murmu Droupadi Murmu, in recognition of its significant impact on education. These esteemed interactions have further strengthened its commitment to transforming education in India and beyond, aligning with national goals to provide accessible, high-quality education for all.
