Lead School bags $30 million in its Series D funding
By MYBRANDBOOK
LEAD School has raised $30 million as a part of its Series D funding round led by global venture capital fund GSV Ventures, along with existing investors WestBridge. This marks GSV Venture’s first investment in the Indian edtech space.
According to the company, the new funds will be used to build a pan-India brand, and rollout of new products, as the startup looks to make strategic acquisitions and hire top talent across domains.
LEAD’s Integrated System (IS) is a tech-enabled stack for schools, which helps them provide digital learning through an online or hybrid-model (of physical and digital) in classrooms, for students from kindergarten to grade 12 (K-12).
Sumeet Mehta, Co-Founder and Chief Executive Officer, LEAD School, says, “We are impatient to reach out to the 1.5 million schools and 260 million school going children in India so that we can transform the arc of education in this country. Globally, GSV is known as a specialised EdTech fund that backs innovation oriented education companies. We hope to benefit from their deep insights and leverage their network to bring more innovation to our students in India.”
The solution currently caters to more than 2,000 schools, and 800,000 students. According to the company, it aims to cater to 25,000 schools in the next five years.
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