202213 Jan

LEAD School becomes 3rd Indian Unicorn in 2022, raises $100 Mn at $1.1 Bn Valuation - Asia Tech Journal

Summary

Edtech Startup LEAD School has raised $100 million led by GSV Ventures and WestBridge Capital, doubling its valuation in less than a year to $1.1 billion. With this model, the startup aims to take education to small towns at affordable pricing to better serve students belonging to middle and low-income groups. Sandeep Singhal, Managing Director at WestBridge Capital, said, “Lead’s growth last year, despite Covid disruptions, underlines its consumer-first approach and deep focus on learning outcomes. In recent years, scores of startups like upGrad have started to explore ways to provide high-class education at affordable pricing around a value-based model. This comes at a time when Union Minister Dharmendra Pradhan said that his office is in discussions to draw a regulatory policy for the rapidly growing Indian edtech sector.

Source: Asiatechjournal

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