LEAD has become the first EdTech Unicorn of 2022

The AdTech platform, led by Westbridge Capital and GSV Ventures, has raised 100 million.

LEAD, a School EdTech platform, has raised $ 100 million, valued at 1.1 billion, to continue its mission to transform schools in India.

This funding makes history on several fronts, including:

  • LEAD is now the first school EdTech player to enter the Unicorn Club
  • LEAD is the first EdTech Unicorn of 2022

The series e-funding round was led by Westbridge Capital and GSV Ventures, which made it one of their largest EdTech investments for the company’s ambitious vision of providing quality education.

The company plans to use the revenue to achieve its vision of providing quality affordable education to 25 million + students with an annual revenue run-rate of $ 1 billion. The immediate focus will be on product and curriculum innovation, increasing its footprint and recruiting top talent across different functions. In the long run, the company plans to go deeper into the country to serve students in low-fee schools and expand internationally into similar geographic areas.

The company’s valuation has doubled in the last 9 months on the back of strong growth in operating and financial metrics. The current round is the fifth round of institutional funding since 2017.

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