Overseas education company Leap raises Rs 400 cr in Series C funding

Leap, one particular of South Asia’s greatest overseas schooling companies, which runs LeapFinance and LeapScholar, has lifted $fifty five million (Rs four hundred crore) in Series C funding led by Owl Ventures.

The spherical also observed participation from Harvard Management Business, Inc, alongside with returning traders Jungle Ventures and Sequoia Capital India. The spherical arrives fewer than 6 months right after Leap lifted its Series B which was led by Jungle Ventures, bringing the overall equity capital lifted by the startup to date, more than $seventy five million.

Leap will utilise the new capital infusion for multi-dimensional growth. The company intends to extend its company suite to college students across Southeast Asia and MENA (the Center East and North Africa) regions and permit them to pursue their world wide schooling aspirations across extra than 20 location international locations.

Additional, Leap intends to broaden its products portfolio to offer extra progressive methods to international college students. Some of the items in the pipeline include an international scholar credit history card and coverage items. The company is also developing a suite of offerings to assistance international college students be successful on campus at the time they have created the go overseas.

Vaibhav Singh, co-founder of Leap, claimed the company has found an unparalleled demand from college students to go overseas this yr as international borders open submit-Covid.

“Our community-led method coupled with a thorough products suite for all international scholar needs is certainly differentiated. Not incredibly we have found explosive growth,” claimed Singh. “We hope million-additionally college students from the location to go overseas in the following 12 months. This raise positions us flawlessly to capture a lion’s share of that demand.”

Leap is developing the infrastructure to permit college students to pursue international greater schooling. It runs a million-member robust community of international examine aspirants in South Asia and has aided more than 60,000 college students in their examine overseas journey more than the final eighteen months. Its products suite caters to the conclude-to-conclude needs of the community. These include international take a look at preparing, qualified admissions counseling, scholar loans, international scholar lender accounts, foreign currency remittance, and international profession advice.

“We are developing the rails for world wide scholar mobility. About the past yr, we have designed the products suite to deal with an international students’ lifecycle,” claimed Arnav Kumar, co-founder of Leap. “We have also set in position a scalable playbook that is replicable across geographies. This exhibits in our speedy growth across products strains.”

Amit Anand, founding associate of Jungle Ventures, claimed belief and affordability is the vital to unleash the whole prospective of the Study Overseas sector. “The group at Leap has performed a excellent occupation in leveraging the developments in the ed-tech and fintech sectors, to build a predictable, clear, and best-in-course expertise for college students looking to pursue overseas schooling and associated funding,” claimed Anand.

Ashish Agrawal, handling director at Sequoia Capital India, claimed that more than the final eighteen months since founding, the Leap group has been agile and has materially expanded their giving across multiple needs of college students looking to examine overseas, together with funding, counselling, and take a look at prep. “The desire for Indian college students to examine overseas is stronger than at any time and we consider that Leap, can turn into the foremost system enabling these college students.”

Pricey Reader,

Organization Typical has always strived really hard to give up-to-date info and commentary on developments that are of desire to you and have broader political and financial implications for the region and the globe. Your encouragement and frequent opinions on how to increase our giving have only created our take care of and motivation to these ideals stronger. Even all through these difficult times arising out of Covid-19, we proceed to continue being fully commited to holding you informed and current with credible information, authoritative sights and incisive commentary on topical concerns of relevance.
We, nevertheless, have a ask for.

As we struggle the financial impact of the pandemic, we will need your assistance even extra, so that we can proceed to offer you extra quality written content. Our subscription model has found an encouraging reaction from many of you, who have subscribed to our on the internet written content. More subscription to our on the internet written content can only assistance us accomplish the targets of giving you even improved and extra related written content. We consider in free, reasonable and credible journalism. Your assistance by way of extra subscriptions can assistance us practise the journalism to which we are fully commited.

Support quality journalism and subscribe to Organization Typical.

Digital Editor