News Post

Study-abroad platform Leverage Edu announces second ESOP buyback

IndianStartupNews

· 25d
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Leverage Edu, a study-abroad platform, has completed its second employee stock ownership plan (ESOP) buyback, benefiting over 50 employees. Founded in 2017, Leverage Edu provides students with comprehensive support for pursuing international education. The exact amount of the buyback was not disclosed, but the move highlights a significant milestone for the company. Leverage Edu has raised approximately $70 million in funding and is valued at around $150 million. Despite revenue growth, the startup's losses have also increased. Founder and CEO Akshay Chaturvedi expressed surprise at the oversubscription of the buyback and the low amount of shares sold.

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