Edtech startup Klassroom has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India to launch an initial public offering on the SME platform of the Bombay Stock Exchange, according to its regulatory filings.
The proposed IPO comprises a mix of fresh issue of equity shares and an offer-for-sale (OFS) by existing shareholders.
According to the DRHP, the proceeds from the fresh issue will be used for debt repayment, strengthening its technology stack, including AI/ML capabilities, content development, and marketing…

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