The company claims to operate a hybrid education ecosystem with both online and offline delivery models. It operates an AI-powered Education OTT platform alongside 30 offline partner centres, allowing it to offer academic coaching, competitive exam preparation, and skill development through multiple learning formats.
The company claims to have built a diversified business model across multiple customer segments. It serves individual learners (B2C), institutions (B2B), channel partners (B2B2C), and government bodies (B2G), with revenue generated from digital subscriptions, offline coaching, institutional projects, content licensing, books, learning devices, and educational materials.
The company claims to have established partnerships with government bodies, educational institutions, and skill development organisations. According to the prospectus, it has worked on projects with organisations such as NSDC, MSSDS, TSSC, PM Shri Schools, Jawahar Navodaya Vidyalaya, and various state government initiatives related to education and skill development.
The company has received multiple recognitions in the education technology sector. These include being a two-time finalist at the National Startup Awards (2021 and 2023), inclusion in the HolonIQ South Asia EdTech 100 (2023), selection in the GSV Cup Elite 200 (2023), the Business World Gold Category Award for Most Innovative Technology in Education (2023), and recognition by Elets as one of the leading edtech platforms in India (2025).
The company claims to maintain an extensive digital content library supported by its own technology platform. As per the prospectus, it offers more than 100 courses and over 3,300 hours of digital content covering school education, competitive examinations, professional courses, and emerging technologies such as artificial intelligence and machine learning.
The company claims to have a faculty and content development ecosystem that supports its academic operations. As of the prospectus filing date, it had 26 employees and had additionally engaged 63 faculty members as consultants, including subject matter experts involved in content creation, academic review, and program delivery.
The company has witnessed a consistent increase in its revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 4.58 crore in FY24 to Rs 10.09 crore in FY25 and Rs 23.04 crore in FY26. PAT increased from Rs 0.34 crore to Rs 2.90 crore and Rs 7.60 crore during the same period.
The company recorded negative cash flows from investing activities amounting to Rs 12.43 crore, Rs 5.95 crore, and Rs 1.76 crore in FY26, FY25, and FY24, respectively. During the same period, it generated positive cash flows from operating activities of Rs 10.71 crore, Rs 3.55 crore, and Rs 0.94 crore, and positive cash flows from financing activities of Rs 2.48 crore, Rs 3.33 crore, and Rs 0.96 crore. The negative investing cash flows resulted in a net decrease in cash and cash equivalents. If such cash outflows continue or increase in the future, they could adversely affect the company’s operations, liquidity, and financial condition.
A significant portion of the company’s revenue is concentrated in a few states, particularly Uttar Pradesh, Maharashtra, and Rajasthan. Revenue from Uttar Pradesh stood at Rs 9.81 crore (42.60%), Rs 4.73 crore (46.86%), and Rs 2.62 crore (57.16%) in FY26, FY25, and FY24, respectively. Revenue from Maharashtra contributed Rs 6.17 crore (26.76%), Rs 3.00 crore (29.71%), and Rs 1.93 crore (42.03%), while Rajasthan contributed Rs 5.53 crore (24.00%), Rs 2.34 crore (23.21%), and Rs 0.03 crore (0.76%) during the same period. Any adverse economic, political, regulatory, social, or natural developments in these states could hurt the company’s operations, financial condition, and cash flows.
The company operates in a highly competitive and fragmented education industry. It competes with established education platforms, regional coaching institutes, digital learning companies, and independent educators offering courses through online and offline channels. If the company is unable to differentiate its offerings, adapt to changing learning preferences, or compete on pricing and service quality, it could result in lower enrolments, reduced market share, and adversely affect the company’s business, profitability, and financial condition.
A significant portion of the company’s revenue is derived from a limited number of customers and institutional partners. The top customer contributed Rs 9.24 crore (40.11%), Rs 3.98 crore (39.43%), and Rs 2.51 crore (54.76%) of total revenue in FY26, FY25, and FY24, respectively. The top 10 customers accounted for Rs 18.14 crore (78.72%), Rs 7.09 crore (70.25%), and Rs 2.76 crore (60.29%) during the same period. Failure to retain these key customers, secure contract renewals, attract new institutional partners, or diversify its revenue base could adversely affect the company’s business and financial condition.
The company’s hybrid education model is dependent on reliable internet connectivity and digital infrastructure, particularly in Tier II, Tier III, and rural markets. Limited broadband access, poor mobile network coverage, low internet speeds, and power disruptions in these regions may affect students’ ability to access online classes, recorded content, and assessments, and consequently its topline and bottomline.
As of July 10, 2026, the company had outstanding financial indebtedness of Rs 3.73 crore, entirely comprising unsecured borrowings. These borrowings include overdraft facilities and term loans from multiple financial institutions, with interest rates ranging from 15% to 18%. Any failure to service or repay these borrowings, or any increase in financing costs, could adversely affect the company’s liquidity, financial condition, and operations.