University Admission Platform Leverage Education raises unannounced amount in new funding round

Leverage Edu, a startup that helps Indian students gain access to top global universities, has raised an undisclosed amount of increased capital from Paytm founder Vijay Shekhar Sharma.

Rohit Kapoor (CEO Oyo – India and Southeast Asia). Amanpreet Bajaj (Southeast Asia Head, Airbnb), Lalit Singh (former COO at Udacity), and Mohit Garg (founder of MindTech) have also contributed to the fundraising.

The new funds raised will be used to expand teams in India and abroad. The startup plans to double its staff to more than 600 people across two continents.

Founded in 2017 by Akshay Chaturvedi, Leverage Edu provides students enrolled on its platform with an uninterrupted college application journey, including one-on-one workshops led by individual mentors, portfolio build-up sessions, pre-program internships and access to online courses. , And special scholarship options. The company helps students with services such as visas, accommodation and educational loans. Leverage Edu also runs Univalley.com, which provides consulting, technology and recruitment solutions to partner universities around the world.

Speaking on fundraising, Akshay Chaturvedi, founder and CEO of Leverage Edu, said,

“I am delighted to formally bring to the table mentors I have personally learned so many years ago. Associating them with Leverage Education inspires us to work even harder on our goal to help students around the world win.”

The company is also backed by a consortium of investors such as Bloom Ventures, Tumor Capital, DSG Consumer Partners, Trifecta Capital. It is also backed by individual investors including GOQii’s Vishal Gondal, Saamana Capital’s Lash Lilani, Pine Labs’ Amrish Rau and Parthenon’s Karan Khemka.

Leverage Edu raised $ 6.5 million (INR 47 crore) in a series of funding rounds led by Tumor Capital, with the participation of current investors Bloom Ventures and DSG Consumer Partners. The company had raised another 2 2 million in loan financing from venture debt firm Trifecta Capital in June this year. Previously, Leverage Edu raised डिसेंबर 1.5 million in December 2019 from Bloom Ventures, DSG Consumer Partners and others.

About the author

Author: Shalini Pathak

Shalini Pathak is a staff writer at EdTechReview (ETR) – India’s leading edtech media and community. She has four years of experience in the media, covering various beats. Like all writers, she is first and foremost an avid reader who loves to create box of content and has the ability to write on any topic. As part of the ETR team, she will focus on the latest Adtech startup stories and their funding from the Adtech industry.

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