Klassroom Edutech, a Mumbai-based education startup, has received investment from Bollywood actor Suniel Shetty. Founded in 2016 by Alka Javeri, Dhruv Javeri, and Dhumil Javeri, who have been educators for over a period of 20 years, Klassroom Edutech introduced a hybrid tutoring platform for standards 6th to 12th, IIT JEE, NEET, CA, and CS. The platform aims to provide accessible, flexible, and affordable education for Indian students.
The company's strategy combines offline centers and online technology, serving over 60,000 students across 500 cities through a network of 150 offline centers. This reflects a remarkable ten fold revenue growth in the last two years.
Since its inception, Klassroom Edutech has attracted substantial investments from various sources, including ah! Ventures Angel Fund, Hem Angels, Pavan Bakeri (Managing Director, Bakeri Group), Kishore Ganji (Founder, Astir Ventures), among others, amassing a total of USD 1 million in funding.
Shetty's direct engagement is expected to enhance the startup's social initiatives aimed at bridging the education gap for underprivileged students in India. These initiatives are facilitated through partnerships with social trusts and NGOs. The launch of the Suniel Shetty Scholarship Scheme and the "Happy Schools" program, fostering a joyful learning environment, demonstrate their commitment to social impact.
"I'm delighted to be a part of Klassroom as they're making a real impact by implementing the NEP 2020's innovative teaching methods. Together, let's empower the next generation with a joyful learning experience," Shetty said.
Commenting on the fundraising, Alka Javeri, Executive Chairman of Klassroom Edutech, said, "We warmly welcome Suniel Shetty to the Klassroom family. His presence will support the expansion of Klassroom learning centers and increase user engagement on the learning app, benefiting millions of students."
In accordance with the National Education Policy (NEP) 2020, Klassroom Edutech has also been developing digital resources for use in over 2,650 government schools.
Over the next five years, the company aims to impact 20 million students and expand its reach threefold each year. This dedication is further emphasized by the goal of enrolling approximately 500,000 students within the next year through its social initiative programs.