New Delhi, June 2, 2024: Classplus, a B2B edtech firm backed by Tiger Global and Peak XV Partners (formerly Sequoia Capital), is poised for substantial growth in the financial year 2024, with expectations of surpassing Rs 250 crore in revenue, representing a remarkable 65% increase.

A senior official of the company revealed that Classplus is on the cusp of profitability and attributes its projected growth to a combination of strategic initiatives aimed at enhancing operational efficiency and capitalizing on emerging market opportunities.

In the fiscal year 2023, Classplus recorded revenues of Rs 149 crore, and the anticipated surge to over Rs 250 crore in FY24 underscores the company’s robust performance and sustained momentum in the competitive edtech landscape.

Furthermore, Classplus reported significant progress towards profitability, with losses reduced by 70% to approximately Rs 80 crore in FY24. This achievement reflects the company’s commitment to fiscal prudence and its ability to navigate challenges while maintaining steady growth trajectory.

The edtech sector has witnessed rapid expansion in recent years, driven by increased digital adoption in education and evolving learning preferences. Classplus, with its innovative B2B model, has positioned itself as a key player in empowering educators and coaching institutes to leverage technology for enhanced teaching and learning experiences.

As Classplus continues to scale its operations and expand its market presence, the company remains focused on delivering value to its stakeholders while driving sustainable growth. With strong financial performance and a clear roadmap for profitability, Classplus is poised to capitalize on the burgeoning opportunities in India’s dynamic edtech ecosystem