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Fusion Klassroom Edutech Limited utilized Rs 143.78 crore of the Rs 165 crore raised through a public issue as of September 30, 2026, according to a report by monitoring agency Brickwork Ratings India Private Limited (BWR). The funds were intended for expansion of educational infrastructure, technology upgradation, working capital needs, and general corporate purposes. Specifically, Rs 60 crore was allocated for infrastructure expansion, Rs 40 crore for technology, Rs 30 crore for working capital, and Rs 35 crore for general corporate purposes. An unutilized amount of Rs 21.22 crore remains, and the report’s findings are based on information from company management, statutory auditors R.S. Gokani & Co., and bank statements.
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