Fusion Klassroom Edutech IPO

The company intends to utilize proceeds towards full or part repayment and/or pre-payment of borrowings from banks and financial institutions. This will help reduce outstanding indebtedness and debt servicing costs, assist in maintaining a low debt equity ratio and enable utilization of accruals for further business growth.

The company proposes to transform its proprietary digital platform into a full-scale, AI-powered learning ecosystem. The investment will be directed towards development of advanced technology solutions including private AI tutors, AI-based doubt-solving mechanisms, automated assessments, multilingual content delivery and robust server infrastructure.

The company proposes to utilize proceeds towards development, enhancement and upgradation of academic and skill-based content for its Online education delivery model. The investment includes creation of proprietary content, curriculum-aligned study material, recorded and live lecture modules, question banks and digital learning resources.

The company intends to procure desktops and laptops for setting up AI and ML laboratories at proposed new offline centres in Mumbai, Pune and Jaipur. This will enable establishment of dedicated AI and ML laboratories, enhancing the company's ability to offer technology-enabled and advanced training programs.

The company proposes to utilize proceeds towards marketing and brand-building initiatives aimed at strengthening student acquisition, engagement and retention. The expenditure will support expansion of offline training centres and increase adoption of education OTT application through enhanced brand visibility and awareness campaigns.

The company may evaluate opportunities for strategic investments, acquisitions or partnerships complementary to its existing business. The proceeds will also be used for general corporate purposes including initial development costs for new business, meeting operating expenses, and strengthening business development capabilities.