Edtech startup Leap elevates Rajan Chaudhary as co-founder

Entrackr · 1d

Edtech startup Leap elevates Rajan Chaudhary as co-founder Edtech startup Leap has elevated its senior executive Rajan Chaudhary as cofounder of the company. He has been working with Leap for more than five years. Most recently, Chaudhary has been serving as the assistant vice president (AVP) of engineering for about 18 months, driving the startup’s technological evolution, scaling its platforms, and advancing product innovation. “Rajan’s elevation reflects our belief in building leadership from within and positions us strongly for the next phase of Leap’s global expansion,” said Vaibhav Singh, cofounder of Leap. Co-founded in 2019 by Vaibhav Singh and Arnav Kumar, Leap, which operates LeapScholar, LeapFinance, GeeBee, and Yocket, runs an online community for study-abroad aspirants. It offers a range of services, including test preparation (IELTS, TOEFL, SAT), admissions and visa counseling, and financial support such as international student loans. It primarily focuses on institutes in the US, Canada, UK, and Australia. Leap plans to expand its Middle East and Southeast Asia operations and claims to have partnerships with more than 1,000 international universities. The startup has raised over $400 million to date in equity and debt from investors such as Owl Ventures, Jungle Ventures and Peak XV Partners. Leap’s operating revenue grew 113.7% to Rs 174.92 crore in FY24 from Rs 81.86 crore in FY23. The company managed to cut its net loss by 72.3% to Rs 29.43 crore in the same period. It competes with other major players in this space such as Auxilo, Avanse Financial, GryQuest, Financepeer, Propelld, Mpower Financing, and Eduvanz.