Coding Ninjas
Coding Ninjas is an Indian coding bootcamp teaching DSA and interview prep, now fully owned by Info Edge.
On the record
Checkpoint: Info Edge FY27 consolidated earnings, first public look at Coding Ninjas financials as a wholly owned unit
The call
Coding Ninjas now runs as a cost center inside Info Edge, betting its survival on a Naukri hiring pipeline that hasn't shipped yet, while free AI tools erode the tutoring it still sells.
Coding Ninjas is an online school that teaches coding, data structures, and job interview skills, charging students thousands of rupees for courses. The problem is that free tools like ChatGPT and Claude can now do much of what Coding Ninjas teaches, and free websites like GeeksforGeeks already offer tens of thousands of practice problems at no cost. The company is now owned by its parent company (Naukri.com, a job site), so the real question is whether Naukri will connect Coding Ninjas students directly to job openings in a way that no competitor can, or whether Coding Ninjas will just become a small add-on feature that gets forgotten.
Why
01
AI pressure: ChatGPT, Claude, Copilot, and free platforms like GeeksforGeeks. Free AI tutors and code review copy the exact DSA prep Coding Ninjas charges thousands of rupees for. Could AI do the core job? Yes, likely.
02
Bigger players: Info Edge (parent, NSE: NAUKRI). Info Edge bought out the founders in July 2026 and plans to fold Coding Ninjas into Naukri's hiring funnel, but that integration hasn't shipped. Could a giant copy it? Yes, easily.
03
What protects it. Naukri's job-seeker distribution and hiring-partner network, if Info Edge actually wires it into paid courses.
What would change this call
Info Edge ships a Naukri x Coding Ninjas integrated course/funnel within 6-12 months. Shows whether Coding Ninjas gets a real distribution moat or stays a standalone cost center.
Info Edge FY27 consolidated results (due ~Sep 2027) break out Coding Ninjas financials. Reveals whether losses and headcount cuts continued or stabilized post-buyout.
Founder departures or exits before their 2029 payout tranches complete. Would signal internal morale or strategy friction after becoming salaried employees.
Info Edge FY27 consolidated results (due ~Sep 2027) break out Coding Ninjas financials. Reveals whether losses and headcount cuts continued or stabilized post-buyout.
Founder departures or exits before their 2029 payout tranches complete. Would signal internal morale or strategy friction after becoming salaried employees.
Key numbers
- FY26 revenue Rs 97.43 crore, up 45% YoY
- Founders paid Rs 39.91 crore for final 45.36% stake
- FY24 net loss Rs 52.6 crore
Named risks
- Core teaching product is directly substitutable by free AI tutors and free content platforms like GeeksforGeeks.
- Negative net worth of ₹34.98 crore as of March 2026 signals technical balance-sheet insolvency.
- Naukri distribution integration remains unshipped roadmap, not a live defensible product as of July 2026.
- Sector-wide tech layoffs (153,000+ in 2026) shrink the junior-hire job market that is the platform's core value proposition.
- Placement and hiring-partner claims (95% placement rate, 1,200+ hiring companies) are vendor-claimed and unaudited.
Rivals, as read in July 2026
| Rival | Direction | Evidence |
|---|---|---|
| GeeksforGeeks | losing to | GeeksforGeeks offers 90,000+ free DSA practice problems as of June 16, 2026, undercutting paid ₹6,000-₹13,000+ courses |
| Free AI coding assistants (ChatGPT, Copilot, Claude) | losing to | Core paid deliverable of DSA tutoring and doubt support is replicated free by frontier AI tools as of 2026 |
| Scaler Academy | contesting | Mentor-led software engineering and DSA programs compete directly for the same working-professional segment |
| PW Skills (PhysicsWallah) | contesting | PhysicsWallah's skilling arm competes in same Indian upskilling segment following its April 2026 IPO |
| Newton School | contesting | AI-driven outcome-focused bootcamp competitor, raised $25M Series B per third-party sourcing |
| Info Edge (Naukri, parent) | gaining on | Parent plans to fold Coding Ninjas into Naukri's job-seeker base as unshipped mini AI course offerings, July 2026 |
Questions people ask
- Is Coding Ninjas owned by PhysicsWallah?
- No. As of the July 6, 2026 buyout, Coding Ninjas is a 100% owned subsidiary of Info Edge (NSE: NAUKRI), parent of Naukri.com, not PhysicsWallah. Info Edge acquired the remaining 45.36% founder stake for ₹39.91 crore, making it a wholly owned Naukri group entity.
- Is Coding Ninjas profitable?
- No. Coding Ninjas posted a net loss of ₹13.36 crore in FY26 (year ended March 31, 2026) on revenue of ₹97.43 crore, and its net worth was negative ₹34.98 crore, meaning it remains technically insolvent on a balance-sheet basis despite narrowing losses.
- Could AI replace Coding Ninjas' coding courses?
- Its core product, teaching DSA and coding fundamentals with doubt support and code review, overlaps directly with free tools like ChatGPT, Copilot and Claude, and with GeeksforGeeks' 90,000+ free practice problems, making its ₹6,000-₹13,000+ paid courses vulnerable to substitution as of mid 2026.
- Who founded Coding Ninjas and are they still in charge?
- Founders Ankush/Ankur Singla, Kannu Mittal, and Dhawal Parate sold their remaining 45.36% stake to Info Edge on July 6, 2026 for ₹39.91 crore and became salaried Info Edge employees, with 75% of payment staggered across three annual tranches through 2029.
- What is Coding Ninjas' biggest competitor?
- Its closest structural threat is GeeksforGeeks, which offers 90,000+ free DSA practice problems as of June 2026, alongside paid peers Scaler Academy, Newton School, Masai School, Bosscoder Academy, and PW Skills competing in the same Indian coding bootcamp market.
- How much did Info Edge pay to fully acquire Coding Ninjas?
- Info Edge's board approved buying the remaining 45.36% stake for ₹39.91 crore (about $4.8 million) on July 6, 2026, implying a whole company valuation around ₹88 crore (about $10 million), after having invested roughly ₹178 crore across earlier funding rounds since 2020.
Timeline
- 2026-07-24Businessworld reports FY26 financials: ₹97.43 crore revenue, ₹13.36 crore net loss, negative net worth
- 2026-07-06Info Edge board approves buying remaining 45.36% stake for ₹39.91 crore, full ownership
- 2026-06-23Crustdata reports headcount at approximately 1,555 employees, up 2.4% from prior period
- 2025-09-21FY25 results reported: revenue ₹67.15-68.7 crore, net loss cut 41% to about ₹30 crore
- 2024-09-27FY24 results reported: revenue flat at ₹53.3 crore, net loss jumps 21.9% to ₹52.6 crore
- 2022-10-01Info Edge invests ₹135.4 crore Series B, raising stake to 51%, becomes subsidiary
- 2020-02-01Info Edge leads $5.2M Series A investment, taking approximately 26% stake
- 2016-05-18Legal entity Sunrise Mentors Private Limited incorporated
Revision history
26 July 2026
First assessed. Losing its protection. The text above is fixed as of this date and is not edited afterwards.
In the same band
Sources
- Info Edge takes full control of Coding Ninjas after acquiring remaining 45.36% stake (2026-07-06)
- India's First Consumer Edtech IPO: Celebrating PhysicsWallah's Public Market Debut (2026-04-15)
- Info Edge To Acquire Remaining Stake In Coding Ninjas For ₹40 Cr (2026-07-06)
- Coding Ninjas - Headcount, Funding & Open Jobs (2026-06-23)
- Coding Ninjas posts Rs 67 Cr revenue in FY25; losses fall 41% (2025-09-21)
- Coding Ninjas reports Rs 53.3 crore revenue in FY24; losses jump 21.9% (2024-09-27)
- Info Edge Backs B8 Fund, Fully Acquires Coding Ninjas (2026-07-24)
- Customer Segments, Revenue & Value Proposition (2026), Lapaas Voice (2026-07-19)
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