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Jaro Education Set for IPO, Aiming to Raise Rs 600 Crore for Expansion and New Programmes (1)

Mumbai-based online education provideru00a0Jaro Educationu00a0is gearing up to hit the public market with anu00a0Initial Public Offering (IPO)u00a0next month, eyeing to amass Rs 600 crore. Founded byu00a0Sanjay Salunkheu00a0in 2009, the company has demonstrated a robust financial trajectory, maintaining profitability since its inception.u00a0<br>

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Jaro Education Set for IPO, Aiming to Raise Rs 600 Crore for Expansion and New Programmes (1)

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  1. JARO EDUCATION SET FOR IPO, AIMING TO RAISE RS 600 CRORE FOR EXPANSION AND NEW PROGRAMMES Mumbai-based online education provider Jaro Education is gearing up to hit the public market with an Initial Public Offering (IPO) next month, eyeing to amass Rs 600 crore. Founded by Sanjay Salunkhe in 2009, the company has demonstrated a robust financial trajectory, maintaining profitability since its inception. This strategic move is poised to fuel its next phase of growth, including the introduction of new academic programmes and a freemium business model, besides meeting other operating costs.

  2. STRATEGIC GROWTH PLANS THROUGH IPO The forthcoming IPO is structured to include fresh shares worth Rs 330 crore and an offer-for-sale (OFS) component of Rs 270 crore by Salunkhe, who presently holds nearly 95% of the firm's equity. This decision reflects the company's ambition to capitalize on the burgeoning demand for online education, leveraging its strong foundation and market presence. The proceeds are earmarked for enhancing marketing efforts, introducing a freemium model that could attract a wider user base, and covering diverse operational expenses.

  3. ROBUST FINANCIAL PERFORMANCE AND PARTNERSHIPS Jaro Education's financial health has been on an upward trajectory, with its revenue witnessing a significant 47% increase to Rs 122 crore in fiscal 2023, while its operating profit surged by 37% to Rs 26 crore in the same period. The company attributes this growth to its successful partnerships with prestigious institutions, including IIMs, IITs, and global universities such as The Wharton School and Rotman School of Management.

  4. MARKET POSITION AND FUTURE OUTLOOK With a solid market position and a comprehensive range of academic offerings, Jaro Education is well-positioned to leverage the growing shift towards online education. The company's strategic decision to go public reflects its confidence in the scalability of its business model and its commitment to enhancing educational accessibility. As Jaro Education navigates through this pivotal phase, the industry and potential investors are keenly watching, anticipating the impact of its IPO on the company's future trajectory and the broader online education landscape. Source:- https://bnnbreaking.com/finance-nav/jaro-education-set-for-ipo-aiming-to-raise-rs-600-crore-for-expansion-and-new-programmes

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