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[Funding alert] Edtech startup Lead School raises $30M in Series D led by GSV Ventures
Lead School will use this round of fresh capital to accelerate its growth plans through brand branding, product roll-out, acquisitions, and hiring.
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$30 million in Series D funding round led by global VC fund
GSV Ventures along with WestBridge Capital, an existing investor.
According to a statement by Lead School, this is GSV Venture’s first major investment in an India-based edtech firm. The startup had last raised $28 million in Series C round in August 2020 which was led by WestBridge and Elevar Equity. It had also acquired the student assessment startup QuizNext in December 2020.
India’s LEAD School raises $30 million to reach more students
An Indian startup that is helping digitize and transform affordable private schools to better serve students from middle and low-income groups of families said on Monday it has raised $30 million in a new financing round as it looks to scale its efforts in the world’s second most populous nation.
GSV Ventures and WestBridge led the Series D financing round of the Indian startup, which has raised over $69 million to date.
LEAD School, founded by couple Sumeet Mehta and Smita Deorah in 2012, has developed an integrated system to help K-12 schools with the curriculum they teach, how they teach them, secure books and other resources from vendors, and better evaluate the learning outcome.
April 26, 2021
Funding to be used to accelerate growth initiatives
LEAD School, a K-12 ed-tech firm, has raised $30 million in a Series-D funding round led by VC fund GSV Ventures along with WestBridge, an existing investor.
The company will use the funding to accelerate growth by building a pan-India brand, rollout of new product offerings, strategic acquisitions and hiring top talent across domains.
This follows a Series-C funding of $28 million led by WestBridge and Elevar Equity in August 2020 and the acquisition of student assessment startup QuizNext in December 2020. For the company, the current round is the fourth round of institutional funding since its first investment led by Elevar in 2017, who continues to be a major shareholder.
New Delhi: LEAD School, a major K-12 EdTech player, that transforms affordable private schools via its Integrated System, has raised US $30 million in Series D funding round led by Global VC Fund GSV Ventures along with WestBridge, an existing investor. This is GSV Venture’s first major investment in an India-based EdTech firm. The latest funding round will be used by the company to accelerate growth by building a pan India brand, rollout of new product offerings, strategic acquisitions and hiring top talent across domains.
The company’s unique Integrated System for schools has driven 3X growth in 2020 by helping schools deliver uninterrupted learning whether online, hybrid or in physical classrooms. Having reached a landmark milestone of 2000+ schools catering to over 800k students, LEAD is well on its way to cater to 25,000 schools in the next five years. This is in line with its mission of making excellent education accessible and affordable to every child in the coun