Mumbai-based coaching platform for CA, CS and CMA courses secures anchor funding a day before its public issue opens on July 31
Fusion Klassroom Edutech has raised ₹ 11.08 crore from anchor investors, a day ahead of its initial public offering opening for public subscription. The Mumbai-based edtech firm allotted over 6.96 lakh equity shares at ₹ 159 per share to six entities, including Subhkam Ventures (I) Pvt Ltd, Kuber India Opportunity Fund, and Ekamya Pragati Scheme I.
IPO structure and timeline
The ₹ 39.04 crore issue will remain open for subscription till August 4. The shares are proposed to be listed on the BSE SME platform on August 7. It will comprise fresh issue of up to 19.89 lakh shares and offer for sale of up to 4.65 lakh shares by promoters and existing shareholders.
Where the money will go
Proceeds from the fresh issue are earmarked for debt repayment, building out technology and AI/ML capabilities, expanding server and cloud infrastructure, and developing course content. Part of the funds will also go toward equipping new offline centres with AI/ML labs, along with marketing and general corporate needs.
About the company
Founded in 2016, Fusion Klassroom Edutech runs digital and hybrid coaching programs for professional and competitive exams, with a focus on commerce-related courses such as CA, CS and CMA. The company reported total income of ₹ 23.10 crore and a profit after tax of ₹ 7.6 crore for FY26.
Narnolia Financial Services Ltd is acting as the sole book-running lead manager for the offering.
