Founded in 2016, Mumbai-based Klassroom Edutech is an edtech startup building a hybrid education experience. The founders, mother-and-sons trio of Alka, Dhruv and Dhumil Javeri, stated that, “The startup is working to support rural and urban students with affordable, accessible, accountable and flexible education. The company is already on its path to profitability and has demonstrated an impressive 10x growth in revenue over the past two years. Furthermore, Klassroom has a robust sales pipeline with significant government projects at hand.”
Apart from K-12, Klassroom also has a test prep vertical for exams such as IIT-JEE, CA and CS, among others. However, the startup’s social initiative – Klassroom for Bharat – has been one of the primary reasons for Bollywood actor and serial investor Suniel Shetty to participate in the startup’s Pre-Series A round, chipping in an undisclosed amount. Get an opportunity to co-invest with Mr. Suniel Shetty in the current round which is closing on 15th June. Out of the total fundraising of ₹2 crores, we have received commitments of ₹1.5 crores in addition to Suniel Shetty’s investments.
Primarily, the startup is operating a hybrid model with online classes on its app and coaching classes operational across Mumbai. Klassroom claims to have nearly 60,000 students on its roll. The startup also offers a scholarship programme for enrolled students, claiming to have distributed INR 20 Lakh in scholarships so far.
Apart from its business operations, Klassroom is working with the government to facilitate access to its online learning programme to 2,650 schools via NGOs and partnerships with social trusts, with a cumulative strength of 5 Lakh students. The actor-turned-investor is further backing the Mumbai-based edtech’s social initiatives with the Suniel Shetty Scholarship Scheme. According to the founders, the startup will use the funding to shore up tech and scale offline presence.
On its social front, Klassroom will also use the funding to prepare digital content based on the National Education Policy (NEP) 2020, to be used at the schools it supports. Apart from Shetty, the edtech startup has raised funding from the likes of ah! Ventures, Hem Angels, Pavan Bakeri (managing director, Bakeri Group) and Kishore Ganji (founder, Astir Ventures), among others. In all, to date, Klassroom has raised a total of $1 Mn in funding across various rounds.
The startup will strengthen its social impact to more than 20 Mn students in the next three years while enrolling 5 Lakh students over the next year.
Read the original announcement: https://ahventures.in/mailers/funding/klasspr.html