Overseas schooling platform Leap, which runs www.leapfinance.com and www.leapscholar.com, has raised a $17 million (RS. 120 crores) Series B in a brand new spherical of fairness financing. The spherical was led by Singapore-based Jungle Ventures, with participation from Sequoia Capital India and Owl Ventures.
Founded in 2019, San Francisco headquartered Leap is a web based platform that gives end-to-end providers like counselling providers, visa providers, schooling loans and different monetary merchandise for college students pursuing worldwide schooling & careers. Leap has since expanded the product suite and in addition expanded to Canada, UK and Australia.
Amit Anand, Founding Partner, Jungle Ventures mentioned, “Leap marks our first investment in the ed-tech space. India is the second-largest market globally for overseas enrolment, and in just a decade overseas higher education annual enrolments from India are up more than 300 percent. In addition, South East Asian markets such as Vietnam, Indonesia, Malaysia are also large contributors to overseas education.
This presents a huge opportunity in an otherwise fragmented landscape. Leap is addressing this huge opportunity through its end-to-end tech platform and a community-first approach. We are proud to partner with Vaibhav and Arnav in their growth journey as they become the default destination for outbound students pursuing international education.”
This increase is available in lower than a 12 months after Leap raised $5.5 million led by Sequoia Capital India, taking the whole capital raised by the startup to $22.5 million. Leap plans to make use of the brand new capital to broaden its product portfolio and additional strengthen its workforce throughout expertise & enterprise capabilities, broaden geographically and develop its scholar communities. The firm plans to ascertain world workplaces for institutional partnerships and different enterprise capabilities.
Arnav Kumar, co-founder of Leap mentioned, “India has the largest pool of STEM educated English speaking graduates and millions of them want global degrees and careers. This is a big decision and there is a real need for accurate information and expert guidance. Our online community helps students evaluate career options, network with seniors and shortlist the best courses. We then use this data to offer personalised test prep, professional counselling services, visa guidance and financial products.”
Arnav Kumar, co-founder of Leap mentioned, “India has the largest pool of STEM educated English speaking graduates and millions of them want global degrees and careers. This is a big decision and there is a real need for accurate information and expert guidance. Our online community helps students evaluate career options, network with seniors and shortlist the best courses. We then use this data to offer personalised test prep, professional counselling services, visa guidance and financial products.”
Leap claims to have helped over 20,000 college students prior to now 12 months and goals to serve 150,000 college students within the present 12 months.
