Eupheus Learning loss narrows to Rs 9 Cr

Edtech firm Eupheus Learning has posted a revenue of Rs 225 crore in FY24 driven by operational efficiency and growth following the rollout of the National Education Policy 2020, a top official of the company said.

Eupheus Learning Co-founder and CEO Amit Kapoor told PTI the company expects to grow revenue by 10% in the current financial year and continue to improve margins.

"We introduced several operational efficiency mechanisms in the company, which led to improvement in margin. Our revenue grew by about 8% to Rs 225 crore. Our losses have halved from about 18 crore to Rs 9 crore," Kapoor said.

The company provides services to around 10,000 schools in more than 725 cities, he said.

Kapoor said that the ClassKlap, with threefold growth from FY22 to FY24, has become cash flow neutral, and SchoolMitra accounts for almost 35% of the company's revenue. Eupheus acquired ClassKlap and SchoolMitra in 2021 and 2022, respectively.

These milestones lend credibility to Eupheus Learning's acquisition strategy and the firm's ability to integrate well and scale new heights.

"This year's idea is to improve performance across the matrix and build efficiencies," Kapoor said.

He said that the implementation of the National Education Policy (NEP) 2020 has catalysed the adoption of innovative educational solutions, creating favourable market conditions for Eupheus Learning's comprehensive offering.