Leap, a research overseas platform, has raised $75 million ( ₹585 Cr) in Sequence D funding led by Owl Ventures. As per the press launch, the spherical noticed participation from new buyers Steadview Capital and Paramark Ventures together with present buyers Jungle Ventures and Sequoia Capital India. The beginning-up has now raised over $150 million in fairness because it was based in 2019.
The corporate runs LeapScholar, LeapFinance, and Yocket, calling it a global pupil mobility platform. Along with offering providers together with check prep for IELTS, TOEFL, SAT, and so forth., admissions and visa counselling, the corporate give monetary choices like worldwide pupil loans, worldwide financial institution accounts, bank cards, and cash remittance providers.
Vaibhav Singh, Co-founder of Leap shared, “College students love our actually distinctive one-stop strategy to assembly their worldwide training wants. This mixed with the general sturdy rebound in worldwide pupil outflows post-covid has led to exponential progress for us. Over the subsequent couple of years, greater than 5 million college students are anticipated to cross a global border to fulfil their world desires. With the backing of marquee world buyers, we proceed to march ahead on our mission to democratize entry to high quality world training and make these desires a actuality”
Amit Patel, Managing Director, Owl Ventures mentioned, “Owl is thrilled to be working with Leap to create a transformative firm that can affect generations of scholars around the globe of their pursuit to entry and afford high-quality worldwide training alternatives. By simplifying an in any other case overwhelming course of and serving to college students navigate all of the steps of counselling, test-prep, and financing, Leap is well-positioned to help the rising demand to go and research overseas as extra nations and firms around the globe have gotten additional built-in into the worldwide financial system.”
Commenting on the corporate’s plans, Arnav Kumar, Co-founder of Leap shared, “Having constructed the underlying infrastructure for world pupil mobility, we are actually capable of scale quickly throughout a number of dimensions. We now have launched many industry-first merchandise and experiences to make the scholar journey seamless. Guaranteeing pupil success has been our mission and we are going to proceed to deepen our present choices and launch newer ones within the months forward.”
Supply: Live Mint