Classplus revenue from operations doubled to Rs 213 cr in FY24 from Rs 102 crore in FY23
Classplus's SaaS tools and software sales contributed 96.6% of total operating revenue, accounting for Rs 205.5 cr in FY24
Advertising and promotional expenses saw a 7.3% decline, contributing to the overall reduction in expenditures to Rs 375.7 crore in FY24 from Rs 405.2 crore in FY23.
EBITDA margin improved to -35.99%, and its ROCE improved to -15.26%. Classplus spent Rs 1.77 to earn a rupee in FY24, compared to Rs 3.97 in FY23.
The company has raised over $160 million, including a $70 million Series D round in 2022, valuing it at $600 million.
Classplus's SaaS tools and software sales contributed 96.6% of total operating revenue, accounting for Rs 205.5 cr in FY24
Advertising and promotional expenses saw a 7.3% decline, contributing to the overall reduction in expenditures to Rs 375.7 crore in FY24 from Rs 405.2 crore in FY23.
EBITDA margin improved to -35.99%, and its ROCE improved to -15.26%. Classplus spent Rs 1.77 to earn a rupee in FY24, compared to Rs 3.97 in FY23.
The company has raised over $160 million, including a $70 million Series D round in 2022, valuing it at $600 million.
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