A Shocking Turnaround in Edtech
India’s edtech battlefield has seen giants crumble and underdogs rise — and Coding Ninjas just made its boldest move yet. Backed by Info Edge (Naukri.com’s parent company), the Gurugram-based startup reported Rs 67 crore in revenue for FY25, up 26% year-on-year, while cutting its losses nearly in half.
Losses dropped to Rs 30 crore in FY25 from Rs 51 crore in FY24, signaling that Coding Ninjas may be quietly scripting a comeback story in an industry plagued with uncertainty.
But here’s the twist: despite progress, its cumulative losses have ballooned to Rs 151.5 crore. Is this a fragile recovery — or the beginning of an edtech rebirth?
How Coding Ninjas Fought Back
Founded in 2016 by Ankush Singla, Kannu Mittal, and Dhawal Parate, Coding Ninjas built its reputation as a go-to platform for aspiring engineers and techies. Its courses cover:
- Programming languages: C++, Java, Python
- Future skills: Machine learning, web development, data science
- University tie-ups to boost credibility and expand offerings
Unlike other edtech players chasing “everything under the sun,” Coding Ninjas is staying laser-focused on coding skills that get jobs — a strategy that may be paying off.
The Cost-Saving Playbook
While revenue growth is impressive, the real shocker is how much Coding Ninjas managed to tighten its belt:
- Employee costs fell 18.5% to Rs 44 crore
- Marketing spend stayed flat at Rs 28 crore
- Overall expenses dropped 9%
This leaner strategy helped it slash losses by 41%, proving that edtech isn’t just about flashy growth but survival through discipline.
The Dark Cloud: Money Crunch Ahead?
Here’s where it gets tricky. Coding Ninjas’ balance sheet reveals a looming challenge:
- Current assets: Rs 17 crore (including just Rs 7.5 crore in cash)
- Current liabilities: Rs 41.7 crore
- Deficit: Rs 24.7 crore
This means Coding Ninjas owes far more than it holds — a warning sign that could force the company to either raise fresh funds or accelerate profitability.
Edtech 2.0: Can Coding Ninjas Survive the Shakeout?
Edtech in India is in survival mode. Byju’s is struggling, Unacademy is restructuring, while PhysicsWallah and Scaler are rewriting the rules. Coding Ninjas sits in an interesting middle ground — not a giant, not a newcomer, but a specialist carving its niche.
Its focus on job-ready coding skills may be its biggest weapon, especially with AI, machine learning, and software talent in skyrocketing demand worldwide.
Final Word: Risk or Opportunity?
With revenue rising, losses shrinking, and Info Edge’s backing, Coding Ninjas has shown it’s not done yet. But the shadow of Rs 151 crore accumulated losses and a weak balance sheet raises the question:
Is Coding Ninjas the dark horse that will outlast India’s edtech collapse, or just another startup running out of time?
