Eupheus Learning Revenue Up, Losses Narrow in FY2024

New Delhi, Feb 23 (PTI) Edtech firm Eupheus Learning has posted a revenue of Rs 225 crore in the 2024 financial year 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 per cent 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 per cent 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 FY'22 to FY'24, has become cash flow neutral and SchoolMitra accounts for almost 35 per cent 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 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.