Leverage Edu, a Noida-based edtech firm, has secured an impressive $40 million in a Series C funding round. The fresh round of funding is aimed to fast-track its growth plans to enable expanding the adoption of its higher education platform.
So far, 20,000+ Students received offers from top universities in UK, US, Australia, Canada & more. 650+ University Partners abroad for seamless application submission and student experience using the company’s platform.
It has enabled 2 Million+ Counselling’s in the last 6 years of our existence, growing at a 150,000+ every month today. 80 Million+ Users who browsed the platform last year across our wide range of products
Leverage Edu’s platform offers a comprehensive range of services that go far beyond traditional educational support. From personalized counseling and application assistance to college admissions guidance, education loans, international money transfers, and even student accommodation, Leverage Edu has become the go-to destination for over 6,000 students every month.
With a staggering revenue of approximately Rs 100 crore reported for FY23, Leverage Edu’s growth trajectory is nothing short of remarkable. The company’s financial arm, Fly Finance, has facilitated loans totaling around Rs 280 crore, empowering countless students to pursue their dreams of higher education. Additionally, their forex business has seen transactions amounting to a whopping Rs 135 crore.
We have emerged as one of the most reliable brands in the higher education space, one of the fastest-growing ed-tech companies, and have impacted 15000+ careers till now – Says the company
When it comes to industry recognition, Leverage Edu’s stellar performance speaks for itself. Tracxn, a leading private market data company, ranks the firm as a top competitor among 191 rivals, including Leap Scholar, which raised a considerable $75 million in a Series D funding round just last year.
While the edtech sector has experienced a decline in funding, with only $1.33 billion raised between April 2022 and March 2023, compared to $6.22 billion in the previous year, Leverage Edu continues to defy the odds. Founded in April 2017 by the visionary Akshay Chaturvedi, the company specializes in assisting students from emerging countries, including India, Nigeria, and Nepal, in accessing higher education opportunities abroad.
The latest funding round has catapulted Leverage Edu’s valuation to an impressive $150 million, marking a remarkable 25% growth from its previous Series B round. Just last year, the edtech startup raised $22 million, valuing the company at approximately $120 million, with support from a diverse group of investors, including Blume Ventures, Kaizenvest PE, DSP Mutual Fund, Tomorrow Capital, DSG Consumer Partners, and Trifecta Capital.
With this substantial injection of capital and the unwavering support of key investors, Leverage Edu is well-positioned to redefine the future of education and empower students worldwide to pursue their dreams on a global stage. This funding milestone sets the stage for an education revolution, where barriers are broken, and opportunities are limitless.
The funding was spearheaded by the renowned language testing conglomerate Educational Testing Service (ETS) and backed by existing investors, this influx of capital is set to revolutionize the landscape of global education.
