Every great education company begins with a classroom. For Fusion Klassroom Edutech (FKE), that classroom was not virtual. There was no Artificial Intelligence, no mobile application and certainly no talk of an education OTT platform. There was simply a teacher standing before her students, convinced that quality education had the power to change lives.
That teacher was Alka Javeri. Having spent over four decades in education, she had witnessed India’s learning ecosystem evolve from chalkboards to smart classrooms, yet one challenge remained constant: quality education was still determined by where a student lived and what they could afford.
In 2008, Javeri established Aadeshwar Academy, with a simple purpose – to make quality education more accessible. But even as the institution grew, one question lingered. Could technology become the bridge between India’s best educators and millions of students, who would never have the opportunity to sit inside those classrooms?
That question eventually gave birth to Fusion Klassroom Edutech in 2016. What began as a modest education venture has steadily transformed into an AI-enabled hybrid learning platform that now serves learners across India through its proprietary education OTT platform, offline learning centres and institutional partnerships. Rather than positioning itself as another online education company, Klassroom has quietly built an ecosystem spanning academics, competitive examinations, skill development and employability.
Tech-enabled education
Klassroom’s answer has been to combine digital learning with physical engagement. Its education OTT platform today hosts more than 100 academic and skill-based programmes, supported by over 3,300 hours of proprietary educational content. Yet, unlike purely digital platforms, FKE has simultaneously expanded through more than 30 offline partner centres, allowing students to combine classroom interaction with technology-enabled learning.
The model extends well beyond individual learners. Over the years, FKE has collaborated with educational institutions, enterprises and government bodies, including the Maharashtra State Skill Development Society, the governments of Gujarat and Uttar Pradesh, SCERT Tripura and PM Shri Schools. It has also established AI and Machine Learning laboratories and skill development programmes aimed at improving employability among students.
At a time when India is discussing AI as the next technological revolution, the company believes the conversation must begin with education. “FKE was founded on a simple belief that quality education should never depend on geography or affordability”, says Javeri, founder & executive chairperson, FKE. “Today, technology allows us to take that vision far beyond a single classroom. We are building an ecosystem that prepares learners not only to succeed academically but also to thrive in an increasingly digital world”.
That philosophy has also shaped the company’s leadership. While Alka Javeri brought decades of academic experience, the next generation introduced technology and scale. Dhruv Javeri, MD & CFO, FKE, has focused on developing the company’s AI capabilities, technology architecture and financial discipline, while Dhumil Javeri, joint MD & CEO, FKE, has concentrated on building its distribution network and expanding its hybrid model across the country.
Together, they represent an increasingly common story within Indian entrepreneurship – traditional domain expertise meeting digital innovation. According to industry estimates, the Indian edutech market is expected to expand from about Rs64,875 crore in 2024-25 to nearly Rs2.51 lakh crore by 2029-30.
We are building an ecosystem that prepares learners not only to succeed academically but also to thrive in an increasingly digital world
Rather than viewing this as merely an education opportunity, FKE sees it as a long-term employability opportunity. “Our objective has never been growth for growth’s sake”, says Dhruv, focused on building strong unit economics, proprietary technology and scalable infrastructure. “The capital raised through the IPO will help us strengthen our AI capabilities, expand our content ecosystem and invest in the technology that will support our next phase of growth”.
The financial trajectory suggests that the strategy is beginning to gain traction. For 2025-26, the company reported revenue of Rs23.04 crore, EBIDTA of Rs12.99 crore and profit after tax of Rs7.60 crore. It has served over 600,000 learners, including more than 200,000 paid subscribers, while continuing to expand through an asset-light partner network.
Now comes perhaps the company’s biggest milestone yet. FKE has launched its Rs39.04 crore IPO, with a price band of Rs151-159 per equity share. The issue comprises a fresh issue of 1.99 million equity shares and an offer for sale of 466,000 equity shares. The IPO shares will be listed on the BSE SME Platform and the company intends to utilise the proceeds towards debt repayment, AI and technology development, cloud infrastructure, content creation, AI/ML laboratories, marketing initiatives and expansion.
For Dhumil Javeri, however, the IPO is not the destination. “The future of education will not be defined by whether learning happens online or offline,” he says. “It will be defined by whether students become employable, future-ready and equipped for a rapidly changing world. That is the ecosystem we are building”.