Leverage Ed-tech Private Ltd, which functions LeverageEdu.com, UniValley.com, Ivy100.com and virtual fair platform UniConnect, has completed its Series A fund-raise of ₹47 crore in led by Tomorrow Capital, it said Thursday 18th February.
Tomorrow Capital has invested ₹26.5 crore and existing investors Blume Ventures and DSG Consumer Partners have put in an extra ₹20.5 crore in this round, half of which had been instilled couple of quarters ago. With this, the company has raised about ₹60 crore in total of the three rounds.
Four-year old Leverage Edu aids students find the correct program, destination and think via college education with an employability lens.
Outbound student mobility has increased by multiples in the past decade, helping Leverage Edu to progress. It has assisted over 3000 students this season.
“India is one of the largest global suppliers of international students and yet the biggest brands helping students in their admissions come from destination countries like USA, Canada and Australia, who don’t understand the unique perspectives and problems that the Indian student faces. We believe it is inevitable that the next stellar brand in the global cross-border education space will be a home-grown one,” said Rohini Prakash, CEO, Tomorrow Capital.
Leverage Edu has two main components of its business. It advises students to select the right program, country based on their mentoring workshops, helping them apply to universities and colleges across the world through its student platform OneView, and following this provides them value-added services like education loan, VISA, forex, accommodation options. Secondly, on the university side, it has a SaaS-enabled platform called Univalley.com, which helps Universities find best-matched talent for their various programs.