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Leverage Edu crosses Rs 180 Cr revenue in FY25

EntrackrEntrackr · 4m ago
Leverage Edu crosses Rs 180 Cr revenue in FY25
Medial

Leverage Edu, which helps Indian students enroll in global colleges, recorded over 2X year-on-year growth in its revenue to over Rs 180 crore in the fiscal year ending March 2025, compared to Rs 90 crore in FY24. The Blume Ventures-backed company significantly improved its EBITDA margin by over 50% and now boasts an annualized revenue of Rs 400 crore (approximately $45 million), according to a recent LinkedIn post by Leverage Edu founder Akshay Chaturvedi. During FY24, the company posted a net loss of Rs 68.3 crore and an expense-to-revenue ratio of Rs 1.79. According to the LinkedIn post, the NPS (Net Promoter Score) has moved 1.4X in FY25 with the average Google rating of 4.7 stars. Moreover, its referral percentage increased from 4% to 23% during FY25. Founded in 2017, Leverage Edu provides full-stack services including counseling, application-admission support, and financing to students pursuing international education. It assists students from India, Nigeria, and Nepal, among others. The company has expanded into six new markets, bringing its total presence to 11, with 30% of its customers now coming from international markets. It has also launched 11 experience stores to date and aims to increase this number to 30 by the end of FY26. Leverage Edu has raised approximately $70 million to date and was last valued at around $140 million. According to the startup data intelligence platform TheKredible, Blume Ventures is the largest external stakeholder with 16.9%, followed by Tomorrow Capital and DSG Consumer Partners which command 14.82% and 12.52% stake, respectively.

Leverage Edu announces second ESOP buyback

EntrackrEntrackr · 1y ago
Leverage Edu announces second ESOP buyback
Medial

Leverage.biz, which runs study abroad platform Leverage Edu, Fly.Finance and Fly Homes, today announced that it has completed its second ESOP buyback exercise. Over 50 employees of the company across functions were able to benefit from this exercise. However, the company did not disclose the amount of the stock buyback. Seven-year-old Leverage Edu provides full-stack services including counseling, application-admission support, and financing to students pursuing international education. It assists students from India, Nigeria and Nepal, among others. The company raised $40 million a mix of debt and equity led by Educational Testing Service (ETS) in July last year. It has raised around $70 million across rounds and was last valued at around $140 million. As per startup data intelligence platform TheKredible, Blume Ventures is the largest external stakeholder in Leverage Edu with 16.9% followed by Tomorrow Capital and DSG Consumers Partners. The company’s revenue from operations spiked 228% to Rs 69 crore in FY23 from Rs 21 crore in FY22 while its losses jumped 70% to Rs 103 crore in FY23 from Rs 47 crore in the previous year. The total EOSP buyback/payout/liquidity stood at nearly $802 million in 2023. In 2021 and 2022, the buyback amount was recorded at $440 and $200 million respectively. In 2024, Urban Company, MyGate, Classplus, Meesho, The Sleep Company, XYXX, and Pocket FM also completed their ESOP buyback scheme.

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