LEAD School Raises $30 Million In Series D Funding Round
LEAD School, an edtech company, has raised $30 million in its Series D funding round led by GSV Ventures. The funding round also saw participation from LEAD School’s existing investor WestBridge.
First reported by entrackr, this is the first investment by the US-based venture capital firm in an Indian edtech firm.
As per the startup, it will use the raised funds to accelerate growth, rollout of new product offerings, strategic acquisitions and hiring top talent across domains.
Started by Sumeet Mehta and Smita Deorah in 2012, LEAD School is an integrated system aiming to revolutionise every child’s learning experience. It provides integrated curriculum and technology solutions to private schools with books, workbooks, teacher training, teacher manuals, smart classes, ERPs, or Math-Science kits.
LEAD School claims to have tied up with over 2,000 schools catering to more than 800,000 students. The company aims to grow its reach to 25,000 schools in the next five years.
Currently, the edtech company has a presence in 400 cities, including tier 2 to tier 4 cities, in 20 States.
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