Leap has introduced the profitable completion of its Collection E funding spherical – $65m in a mixture of main and secondary fairness led by the Apis Group, a world growth-focused funding agency.
Present buyers Owl Ventures, Jungle Ventures and Peak XV Companions additionally participated within the Collection E.
Leap owns LeapScholar, LeapFinance, GeeBee and Yocket. Headquartered in Bangalore, with operations throughout 10 international locations worldwide, Leap provides counselling providers, visa providers, schooling loans, and different fashionable monetary merchandise and options tailor-made for worldwide college students.
“We’ve got witnessed 5x development since our Collection D two years in the past,” stated Vaibhav Singh, co-founder of Leap.
“At the moment, Leap just isn’t solely the examine overseas platform of alternative in India, however is quick establishing itself as a world chief with scaling operations in 10+ international locations.”
In 2022, Leap raised $75 million in Collection D funding. Previous to this, in 2021, it raised $55m in Collection C funding, on prime of a $17m Collection B spherical.
“Constructing for the world from India is one thing we’re very happy with. This funding from marquee buyers additional bolsters our ambitions and we’re much more dedicated to our mission of democratising entry to high quality world schooling,” Singh continued.
Constructing for the world from India is one thing we’re very happy with
Vaibhav Singh, Leap
Arnav Kumar, co-founder of Leap, commented on the corporate’s plans: “Having constructed the underlying infrastructure for world pupil mobility, Leap has now confirmed scale throughout a number of dimensions. We’ve got launched many industry-first merchandise and experiences to make the coed journey seamless.
“Guaranteeing pupil success is why we exist and the AI revolution we’re seeing as we speak will permit us to proceed to deepen our current choices at a sooner tempo than ever earlier than.”
The platform’s strategy combines human experience with AI-powered instruments to supply personalised steerage and options and has led to over a million college students served and partnerships with 1,000+ main instructional establishments globally.
Matteo Stefanel, co-founder and managing companion at Apis Companions, commented: “We’re thrilled to companion with Leap and to help its transformative strategy to world schooling. Leap is utilizing know-how to not solely assist college students discover and entry the proper instructional alternatives but additionally equip them with the instruments to succeed. As such, we imagine Leap’s mission aligns carefully with Apis’ dedication to driving monetary inclusion.”
Yash Sankrityayan, managing companion, SE Asia investments, Jungle Ventures stated: “Leap has continued to scale profitably however extra importantly, additionally broaden regionally to show that they’re constructing for a world demand. Jungle Ventures is proud to speculate behind the Leap workforce once more and help them to proceed to construct probably the most trusted, end-to-end, world schooling entry firm.”
