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Leverage Edu revenue spikes 3.2X to Rs 69 Cr in FY23

EntrackrEntrackr · 2y ago
Leverage Edu revenue spikes 3.2X to Rs 69 Cr in FY23
Medial

Leverage Edu, which helps Indian students enroll in global colleges, has registered over three-fold growth in its operating scale in the fiscal year ending March 2023. At the same time, the Delhi-based firm’s losses rose 70%. Revenue from operations for the edtech startup spiked 228% to Rs 69 crore in FY23 from Rs 21 crore in FY22, its consolidated financial statements filed with the Registrar of Companies show. Founded in 2017 by Akshay Chaturvedi, 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 student placement services formed 90% of the Leverage Edu’s total operating revenue which shot up 3.26X to Rs 62 crore in FY23. The remaining income derived from other support services. Notably, 84% of the total revenue was generated from international sources, with India contributing 16% of the company’s income. On the cost front, employee benefits became the largest burn accounting for 38% of the overall expenditure. This cost grew 2.1X to Rs 66 crore in FY23 whereas advertising cum promotional cost saw a surge of 2.6X to Rs 55 crore in the previous fiscal year (FY23). Leverage Edu’s information technology, legal professional, rent, commissions, and other overheads took its total expenditure up by 154% to Rs 173 crore in FY23 from Rs 68 crore in FY22. Head to TheKredible for the detailed expense breakup. At the end, Leverage Edu’s losses grew 70% to Rs 103 crore in FY23 from Rs 47 crore in FY22. Its ROCE and EBITDA margin stood at -272% and -136.6%, respectively. On a unit level, it spent Rs 2.51 to earn a rupee. FY22-FY23 FY22 FY23 EBITDA Margin -142% -136.6% Expense/₹ of Op Revenue ₹3.24 ₹2.51 ROCE -31% -272% The company had raised around $70 million across rounds 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 Consumers Partners which command 14.82% and 12.52% stake, respectively. As LeverageEdu has grown, it has also expanded the breadth of its offerings, be it test prep or even funding arrangements. While that indicates focus on its target group, the firm is exposed to multiple risks due to its high costs. Disruption in markets like Canada has been well documented, but other lucrative western markets in Europe, besides the US, could also see a slowdown due to a poor job market there. Chaturvedi builds a strong narrative, reflected in the backing of over 50 investors he has garnered over the time since he launched the firm. That also provides him many avenues to seek tie-ups, expansions and more. However, eventually it all has to come back to something that can move ahead more sustainably. In a sector particularly loyal to strong brands, a drop in marketing costs should be expected now that the firm claims significant success behind it.

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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.

Leverage Edu posts Rs 106 Cr loss on Rs 173 Cr revenue in FY25

EntrackrEntrackr · 27d ago
Leverage Edu posts Rs 106 Cr loss on Rs 173 Cr revenue in FY25
Medial

Leverage Edu, which helps Indian students secure admissions to global colleges, recorded over 90% year-on-year growth in its operating scale in the fiscal year ending March 2025. However, this rapid expansion came at a price, as the Delhi-based company’s losses widened 56% year-on-year to cross the Rs 100 crore threshold. Revenue from operations for the edtech startup jumped 91% to Rs 173 crore in FY25 from Rs 90.6 crore in FY24, its consolidated financial statements filed with the Registrar of Companies show. Founded in 2017 by Akshay Chaturvedi, Leverage Edu provides counseling, admissions, and financing support for students pursuing international education. It serves students from India and other countries, helping them secure admissions to universities in the UK, US, Germany, Canada, and Dubai. Student placement services accounted for 70% of Leverage Edu’s total operating revenue in FY25, compared to over 90% in FY24, and grew 65% year-on-year to Rs 120.6 crore. The company also generated Rs 29.7 crore from its Fly business, launched in late 2022, through which it offers financial services to students pursuing education abroad. This revenue includes commission income from facilitating student loans, foreign exchange, and accommodation arrangements. Earnings from the segment more than doubled in the last fiscal year compared to FY24. Leverage Edu also earned Rs 21.2 crore from the sale of products and generated Rs 4.9 crore from other operating and non-operating sources, which pushed its total income to Rs 177 crore. India contributed nearly 76% of the total revenue, while international markets accounted for 24%. In contrast, in FY24, international sources had contributed 78.5% of the operating revenue. On the cost front, employee benefits remained the largest cost centre and accounted for nearly 23% of total expenses at Rs 64 crore. This expense grew marginally by 7% from Rs 60 crore in FY24. Meanwhile, advertising and promotional spending surged 2.2X to Rs 59.8 crore in the previous fiscal year and formed 21% of the firm’s overall expenditure. Leverage Edu also spent heavily on commission paid to selling agents, which shot up 2.6X in FY25 to Rs 51.2 crore. Cost of materials, IT, legal professional, rent, depreciation, and other overheads took its total expenditure up by 73% to Rs 280 crore in FY25 from Rs 162 crore in FY24. At the bottom line, the Blume Ventures-backed company’s losses surged 55% to Rs 106 crore in FY25 from Rs 68 crore in FY24, due to a sharp increase in advertising and marketing spends as well as higher commission payouts amid the scale-up of operations. The company’s EBITDA loss widened to Rs 83 crore during the year. Its ROCE and EBITDA margin stood at -204.35% and -47.4%, respectively. On a unit level, it spent Rs 1.62 to earn a rupee. As of March 2025, Leverage Edu had total current assets of Rs 126 crore, which included Rs 34 crore in cash and bank balances. Leverage Edu has raised approximately $70 million to date, including its $40 million Series C round raised in July 2023 from Blume Ventures, DSG Consumer Partners. It was last valued at around $140 million.

Leverage Edu crosses Rs 180 Cr revenue in FY25

EntrackrEntrackr · 11m 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.

Ergos gross revenue crosses Rs 200 Cr in FY23; losses stagnant

EntrackrEntrackr · 2y ago
Ergos gross revenue crosses Rs 200 Cr in FY23; losses stagnant
Medial

Agritech platform Ergos has managed to grow its scale by two-thirds in the fiscal year ending March 2023 with sound economics as the Bengaluru-based company kept losses in check during the period. Ergos’ gross revenue grew 66% to Rs 224 crore in FY23 from Rs 135 crore in FY22, its annual financial statements (FY23) filed with the Registrar of Companies show. Ergos enables farmers to convert their grains into tradable assets, access credit against stored produce, and make better yields. It also provides harvest supply chain solutions by leveraging technology. The sale of commodities to the customer was the primary source of revenue for Ergos contributing to 96% of overall operating income. Wheat turned out to be the largest revenue driver followed by maize, paddy, and others. Rest of the revenue came from warehousing management fees. Visit TheKredible for a detailed revenue breakup. On the expenses side, procurement costs formed 64.8% of the overall expenditure which spiked 65% to Rs 211 crore in FY23. Other costs such as employee benefits, rent, professional, vehicle and traveling costs took its overall expenditure to Rs 249 crore in FY23 from Rs 160 crore in FY22. Head to TheKredible for a complete expense breakup. The decent growth in scale and effective cost mechanism helped Ergos to control its losses which stood at Rs 24 crore in FY23 as compared to Rs 23 crore in FY22. Its ROCE and EBITDA margin stood at -69% and -8.9% respectively. On a unit level, Ergos spent Rs 1.11 to earn a rupee in FY23. FY22-FY23 FY22 FY23 EBITDA Margin -16% -8.9% Expense/₹ of Op Revenue ₹1.19 ₹1.11 ROCE -44% -69% As of now, Ergos has raised around $32 million across several rounds and was last valued at around $55 million. According to the startup data intelligence platform TheKredible, Aavishkaar Capital is the largest stakeholder with 48% followed by Chiratae Ventures and CDC Group. Currently, its founder and chief executive officer Kishor Kumar Jha commands 11.84% of the company. Operating to provide farmers avenues beyond MSP procurement one assumes, Ergos ses to be on a good pitch to leverage inefficiencies in the supply chain. However, one has to wonder just how far and high the model can take the firm. Perhaps a move into other crops will follow once enough of a network and learnings have been built in.

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