New Delhi-based Ed-tech startup Leverage Edu has secured funding worth Rs. 47 crore ($ 6.5 million) in series A financing. Leverage Ed-Tech Private Limited operates LeverageEdu.com, UniValley.com, Ivy100.com, and virtual fair platform UniConnect.
The investors are Tomorrow Capital which invested Rs. 26.5 crore and Blume Ventures & DSG Consumer Partners invested Rs. 20.5 crore. With this round of funds, the company has now raised Rs. 60 crore. The company has also raised investments from angel investment from angel consortium led by Karan Khemka that includes Partners of the education consulting firm LEK.
“We want to focus on a few things and do them well. There is also this myth around foreign education being expensive that we have been busting for the last four years. A year and a half from now, we want to be among the top study abroad companies in India,” said Akshay Chaturvedi, founder, and CEO at LeverageEdu.
Akshay added that “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”.
LeverageEdu helps the students match right higher education option, with one-touch access to more than 2, 500 personalized mentors and leading global universities. The company provides counseling services to the students to select the right program through mentoring workshops, assists the students to apply to universities and colleges across the globe via its platform OneView and finance services like education loan, forex, VISA, and accommodation.
The second part of the company’s business helps universities find the best match talent for their programs.