Classplus Revenue Doubles in FY24: Key Insights into Growth and Expenditures

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.