January 14

India’s LEAD School Becomes Unicorn With Fresh $100 Million in Funding

By Manish Singh

Despite the recent boom of consumer-focused education learning platforms in India, the vast majority of students in the South Asian nation remain unserved. The existing B2C offerings are expensive for most of the students and are heavily skewed towards those in high school preparing for competitive exams.

LEAD School, a nine-year-old startup, is addressing this disconnect by leveraging an infrastructure that already has a wide reach in the nation: schools. And the model is working.

WestBridge Capital said on Thursday it led LEAD School’s Series E funding, putting $95 million alone. The new financing round, in which GSV Ventures also participated, and which pushes LEAD School’s all-time raise to $170 million, has doubled the startup’s valuation to $1.1 billion in nine months.

Photo courtesy of Alireza Attari.

Source: TechCrunch (link opens in a new window)

Education, Investing
edtech, startups