Home grown ed-tech participant Leverage Edu introduced the shut of its Rs 47 crore Series A financing which was led by Tomorrow Capital. Existing buyers Blume Ventures and DSG Consumer Partners additionally participated within the spherical and pumped in Rs 20.5 crore. With this, Leverage Edu has now raised about Rs 60 crore throughout three rounds.
Founded in 2017, the platform helps pupil uncover the precise program and establish the precise match for the next schooling choice. As of at this time, the startup operates platforms LeverageEdu.com, UniValley.com, Ivy100.com, and digital truthful platform UniConnect.
Rohini Prakash, CEO, Tomorrow Capital, stated, “India is one of the largest global suppliers of international students and yet the biggest brands helping students in their admissions come from destination countries like the USA, Canada and Australia, who don’t understand the unique perspectives and problems that the Indian student faces. We believe it is inevitable that the next stellar brand in the global cross-border education space will be a home-grown one.”
Akshay Chaturvedi, founder and CEO, Leverage Edu stated, “The latest round of funding will be used to accelerate the company’s strategic expansion into newer markets, bring in more product innovation, and deepen our student-first approach with more focus on pedagogy and student-first tools.”
Alongside institutional financing, the startup additionally noticed investments coming in from an angel consortium led by Karan Khemka which incorporates Partners of the schooling consulting agency LEK. Leverage Edu additionally counts Vishal Gondal of Goqii, Ash Lilani of Saama Capital, Amrish Rau of Pine Labs, Chaitanya Rathi of Sula Wines, amongst others on its cap desk.
Leverage Edu has two fundamental verticals — first, it counsels college students to pick the precise program, nation based mostly on their mentoring workshops, serving to them apply to universities and schools internationally by way of its pupil platform OneView, after which subsequently offering them value-added providers like schooling mortgage, VISA, foreign exchange, lodging choices – making it a one-stop store for the scholar.
The second a part of Leverage Edu’s enterprise is on the college aspect, a SaaS-enabled platform referred to as Univalley.com, which helps Universities discover best-matched expertise for his or her various packages.
“Our instant purpose from right here may be very clear. We need to deal with just a few issues and do them actually rather well. There can also be this fantasy round international schooling being costly that we’ve now been busting for final 4 years. 18 months from now, we need to be among the many prime examine overseas corporations in India, each by number of scholars and a roof-hitting NPS – as a result of a cheerful pupil is why we’re all actually motivated on a regular basis to do that!,” stated Chaturvedi.
