Total amount raised
$185.6 Millions
Latest funding date
1/1/2023
Location
LEAD has successfully raised significant funding through multiple rounds, with the latest being Debt Financing. The company is backed by a diverse group of investors, including Stride Ventures and Standard Chartered Bank.
Keep reading to delve into the details of LEAD's fundraising journey and discover the key players supporting this innovative edtech platform.
What Is LEAD?
LEAD, founded in 2012 by Smita Deorah and Sumeet Mehta, is an EdTech company based in Mumbai, Maharashtra, India. The company focuses on transforming affordable private schools through its integrated school solution, which aims to provide quality education to students from middle and low-income families.
LEAD's technology-based system assists K-12 schools with curriculum development, teaching methods, securing books and resources, and evaluating learning outcomes. The company has grown significantly and now employs between 1001-5000 people.
By digitizing and enhancing the educational experience, LEAD empowers students, teachers, and school management with future-ready learning solutions.
How Much Funding Has LEAD Raised?
- Series A
- Amount Raised: $1M
- Date: July 2017
- Lead Investors: Elevar Equity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch their integrated school solution.
- Series B
- Amount Raised: $7M
- Date: September 2019
- Lead Investors: Elevar Equity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their reach to more schools and enhance their technology platform.
- Series C
- Amount Raised: ₹2.1B
- Date: August 2020
- Lead Investors: WestBridge Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve educational content.
- Series D
- Amount Raised: ₹2.2B
- Date: April 2021
- Lead Investors: GSV Ventures, WestBridge Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand their market presence and enhance their product offerings.
- Series E
- Amount Raised: $100M
- Date: January 2022
- Lead Investors: GSV Ventures, WestBridge Capital
- Valuation at Round: $1.1B
- Motivation Behind the Round: To achieve the vision of providing quality affordable education to over 25 million students and expand internationally.
- Debt Financing
- Amount Raised: ₹1.6B
- Date: January 2023
- Lead Investors: Alteria Capital, Stride Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and enhance its technology-based school transformation system.
Total Amount Raised: $108M + ₹5.9B
Current Valuation: $1.1B
Key Investors
- WestBridge Capital
- Details: WestBridge Capital is a prominent investment firm focusing on high-growth companies in India and South Asia. They have a strong track record of supporting businesses across various sectors.
- Investment Focus Areas: Consumer, Financial Services, Healthcare, Technology
- Notable Investments: Byju's, PolicyBazaar, Star Health
- GSV Ventures
- Details: GSV Ventures is a venture capital firm specializing in the education technology sector. They aim to invest in companies that are transforming the way people learn and work.
- Investment Focus Areas: Education Technology
- Notable Investments: Coursera, ClassDojo, MasterClass
- Elevar Equity
- Details: Elevar Equity is an impact investment firm that focuses on early-stage companies in emerging markets. They aim to create scalable solutions for underserved communities.
- Investment Focus Areas: Financial Inclusion, Education, Healthcare
- Notable Investments: Ujjivan, Varthana, Madura Microfinance
- Alteria Capital
- Details: Alteria Capital is a leading venture debt fund in India, providing flexible financing solutions to high-growth startups. They support companies across various stages of growth.
- Investment Focus Areas: Technology, Consumer, Healthcare
- Notable Investments: Dunzo, Lendingkart, ZestMoney
- Stride Ventures
- Details: Stride Ventures is a venture debt firm that offers customized debt solutions to startups in India. They focus on providing growth capital to innovative companies.
- Investment Focus Areas: Technology, Consumer, Financial Services
- Notable Investments: Pocket Aces, Miko, SUGAR Cosmetics
What's Next for LEAD?
LEAD's future is brimming with opportunities. With substantial funding, the company is poised to enhance its educational technology offerings and expand its footprint both domestically and internationally. The goal of providing quality affordable education to over 25 million students underscores the vast potential in the EdTech sector.
As LEAD continues to grow, future fundraising opportunities seem promising. The company's unicorn status and the booming EdTech market make it an attractive prospect for venture capitalists and private equity firms. However, challenges such as maintaining growth momentum, scaling operations efficiently, and navigating international expansion will require strategic planning and execution.
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