Fusion Klassroom Edutech IPO day 1: GMP, subscription status, price band, other details of BSE SME IPO in 10 key points

Funding Rounds

▤ Summary

Fusion Klassroom Edutech opened its SME IPO for subscription and attracted a modest early response from investors. The company raised ₹11.08 crore from anchor investors before the issue opened. It plans to use the proceeds to repay borrowings, build technology and AI/ML infrastructure, develop content, fund marketing, and pursue inorganic growth. The business operates a hybrid learning model with offline partner centers, an AI-powered education app, and a large user base.

$ Funding

$
Amount $1.3M Total raised
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Date July 31, 2020 Announcement date
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Investors - Lead investors
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Company klassroom.in Funded company

◇ AskAI Classifications

Sectors
No sectors detected
Functions
EduTech Training Software Learning Management Systems (LMS)

▦ Linked Companies

Klassroom Edutech
$1M to $5M