Leap, a full-stack worldwide pupil mobility platform, has raised $65 million in a mixture of main and secondary fairness led by Apis Progress Markets Fund III and Apis International Progress Fund III. Different buyers who’ve invested on this spherical embody current buyers Owl Ventures, Jungle Ventures, and Peak XV Companions. Entrackr was the primary to report on Leap’s upcoming funding in July final 12 months.
Whereas the corporate didn’t disclose its valuation, it was reportedly in search of a valuation of over $1 billion on this spherical. The Bengaluru and San Francisco-based agency final raised $75 million in its Sequence D spherical at a valuation of $850-900 million. This funding brings the fairness raised since its inception in 2019 to over $200 million.
It operates LeapScholar, LeapFinance, GeeBee, and Yocket, runs an internet group for study-abroad aspirants. It presents a variety of providers, together with check preparation (IELTS, TOEFL, SAT), admissions and visa counseling, and monetary help similar to worldwide pupil loans.
It focuses primarily on the US, Canada, UK, and Australia institutes. The corporate claims to have taught over 1 million college students and collaborated with greater than 1,000 main instructional establishments throughout the globe.
Vaibhav Singh and Arnav Kumar, Leap co-founders of Leap
Image Courtesy: www.business-standard.com
“College students love Leap’s one-stop method to their worldwide schooling wants. We now have witnessed 5x progress since our Sequence D two years in the past. As we speak, it isn’t solely the study-abroad platform of selection in India however can also be quickly establishing itself as a world chief, scaling operations in 10+ international locations,” stated Vaibhav Singh, co-founder of Leap.
In keeping with knowledge compiled by TheKredible, the rivals do consist, similar to Auxilo, Avanse Monetary, GryQuest, Financepeer, Propelld, Mpower Financing, and Eduvanz, have collectively raised about $500 million in funding over the final 24 months.
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