Fintech funding dropped to its lowest in October 2022, with payments being the worst hit segment. Overall start-up funding, meanwhile, showed an upward trend for the first time this year.
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“The proceeds will be used for curriculum and product innovation. Our goal is to continue to reach more schools and students,” said Sumeet Mehta, CEO and co-founder, Lead School, in an interview with ET. Last year in August, the company had
picked up $28 million in a funding round led by WestBridge Capital and Elevar Equity. WestBridge is also an investor in Vedantu, an online tutoring platform.
Lead School has partnered with over 2,000 schools. “The goal is to reach 25,000 schools in the next five years,” Mehta said. It has been focused on cities in tier two and three geographies so far. That will continue to remain their focus. The platform claims it is able to show a visible improvement in student learning with its curriculum. Class averages improved from below 60% to above 70% after adoption of their offering, Mehta told ET.