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Leverage Edu raises $40 million at $150 million valuation: Reports

Inshorts · 2y ago

Leverage Edu raises $40 million at $150 million valuation: Reports

Leverage Edu, an edtech startup, has secured $40 million in funding from various sources, including the US-based Educational Testing Service, as well as existing investors such as Blume Ventures and DSG Consumer Partners. Reports suggest that this funding round has led to a valuation of approximately $150 million for the startup. In March of the previous year, Leverage Edu raised $22 million, valuing the company at around $120 million.

Related News

Leverage Edu Secures Capital From Lohia Family Office As It Plans To Set Foot In Thailand

Inc42 · 1y ago

Leverage Edu Secures Capital From Lohia Family Office As It Plans To Set Foot In Thailand

Study abroad platform Leverage Edu has secured an undisclosed amount of funding from the family office of Aloke and Suchitra Lohia, enabling the startup to expand in Thailand. The funding will also allow Leverage Edu to target the growing number of Thai students seeking to study abroad. The partnership will leverage the networks and synergies of the Lohia couple, who are the majority shareholders in Thailand's Indorama Ventures. Leverage Edu has raised a total of $62 million in funding to date and was last valued at approximately $150 million.

Leverage Edu bags $40 Mn in a mix of equity and debt round

Entrackr

Entrackr · 2y ago

Leverage Edu bags $40 Mn in a mix of equity and debt round

Study abroad edtech platform Leverage Edu has raised $40 million in a Series C funding round led by Educational Testing Service (ETS), an educational testing and assessment organization. With this, the Noida-based Leverage Edu marks its first fundraise in 2023.

Decoding Leverage Edu’s Series C round

Entrackr

Entrackr · 1y ago

Decoding Leverage Edu’s Series C round

Leverage Edu, a study abroad edtech platform, has raised $40 million in a Series C funding round. The round was led by Educational Testing Service (ETS), along with participation from Shorelight LLC. Around $21 million was raised through equity, with ETS and Shorelight leading the way. The remaining funding came from debt capital. Leverage Edu offers counseling, application-admission support, and financing to students pursuing international education. The company plans to expand its presence in the Southeast Asian market. Its valuation is estimated to be around $140 million.

Funding and acquisitions in Indian startups this week [03-08 July]

Entrackr

Entrackr · 2y ago

Funding and acquisitions in Indian startups this week [03-08 July]

This week, 19 Indian startups raised funding of about $172 million. Leverage Edu, GIVA, and Battery Smart were the top fundraising startups that scooped up $40 million, $33 million, and $33 million respectively. Read the source article on link below-

Leverage Edu announces second ESOP buyback

Entrackr

Entrackr · 1y ago

Leverage Edu announces second ESOP buyback

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.

Study Abroad Platform Leverage Edu launches student accommodation platform Fly Homes

IndianStartupNews

IndianStartupNews · 1y ago

Study Abroad Platform Leverage Edu launches student accommodation platform Fly Homes

Leverage Edu, the study abroad platform, introduces "Fly Homes," as reported by Indian Startup News. The new offering is designed to assist international students in finding suitable accommodation abroad. Leveraging its network and expertise, Leverage Edu aims to simplify the process of securing safe and comfortable housing options for students pursuing their education overseas, enhancing their study abroad experience.

Leverage Edu crosses Rs 180 Cr revenue in FY25

Entrackr

Entrackr · 3m ago

Leverage Edu crosses Rs 180 Cr revenue in FY25

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.

BlackSoil deploys Rs 220 Cr, sees 40% AUM growth in first quarter

YourStory

YourStory · 11m ago

BlackSoil deploys Rs 220 Cr, sees 40% AUM growth in first quarter

BlackSoil, the alternative lending platform, announced that it has disbursed over Rs 220 crore ($28 million) in Q1FY25. The company has invested in seven new businesses and exited from five, with a 40% year-on-year growth in Assets Under Management (AUM). The investments were allocated to the consumer sector, financial institutions, and SaaS/DeepTech/IoT. Notable new investments include Celebal Technologies, Leverage Edu, and JCB Salons. BlackSoil also exited from investments including Cashe, PlayShifu, WEGoT Utility Solutions, and Mahaveer Finance. The company's portfolio companies collectively raised INR 541 Crores ($67 million) in Q1FY25.

Grapevine: Zepto, Quadria, TPG, Mensa Brands in news

VCCircle

VCCircle · 9m ago

Grapevine: Zepto, Quadria, TPG, Mensa Brands in news

Quick-commerce startup Zepto is reportedly in discussions to secure $100-150 million in funding from domestic family offices and high-net-worth individuals. The pre-investment valuation for Zepto is set at $4.6 billion. Meanwhile, Motilal Oswal Group's private wealth arm is leading the fundraising efforts, with Motilal Oswal Asset Management committing $40 million. This development was reported by The Economic Times.

Actor Rannvijay Singha partially exits Burger Singh with 10X returns

Inc42 · 1y ago

Actor Rannvijay Singha partially exits Burger Singh with 10X returns

Actor Rannvijay Singha has exited QSR chain Burger Singh with 10X returns. Singha first invested in the startup in 2015 and participated in its funding round. The burger chain recently raised undisclosed funding in its pre-Series B round. Burger Singh currently has over 150 outlets across India. Singha is an active angel investor and has invested in startups like Rage Coffee, Ultraviolette, Hypd, and Leverage Edu. This announcement adds to the growing trend of investors exiting or partially offloading their stakes in Indian startups.

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