Abroad training stage Leap has raised near $17 million (or ₹120 crores) as a feature of its Series B financing round drove by Singapore-based Jungle Ventures. With cooperation from Sequoia Capital India and edutech-focussed investment firm, Owl Ventures.
This comes in under a year after Leap raised $5.5 million drove by Sequoia Capital India. Taking the complete capital raised by the startup to $22.5 million.
The speculation marks Jungle Ventures’ first interest in the edtech space.
As per the organization, it will utilize the new money to grow its item portfolio. As it hopes to additionally fortify its group across innovation and business capacities. The organization hopes to extend topographically and develop its understudy networks forcefully. It will likewise set up worldwide workplaces for institutional organizations and other business capacities, post this financing round.
The two-year-old startup gives a start to finish arrangements. Including directing, visa administrations, training credits and other monetary items for worldwide understudies hoping to concentrate abroad.
“We are a one-stop answer for all that an investigation abroad applicant needs. India has the biggest pool of STEM (science, innovation, designing, math) instructed English talking graduates and a large number of them need worldwide degrees and professions. Our online local area assists understudies with assessing vocation alternatives, network with seniors and waitlist the best courses. We at that point utilize this information to offer customized test prep, proficient directing administrations, visa direction and monetary items,” said Arnav Kumar. He is the prime supporter of Leap.
Jungle Ventures’ contributions and achievements
Leap has helped more than 20,000 understudies in their examination abroad excursion in the previous year and intends to serve 150,000 understudies in the current year.
The startup’s local area of study abroad applicants has developed to a large portion of 1,000,000 profiled individuals with 200,000 month to month dynamic clients who traded 9 million talk messages a month ago alone.
“Leap denotes our first interest in the edu-tech space. India is the second-biggest market internationally for abroad enrolment. In 10 years abroad advanced education yearly enrolments from India are up over 300%. What’s more, South East Asian business sectors, for example, Vietnam, Indonesia, Malaysia are likewise enormous supporters of abroad training. This presents an enormous chance in a usually divided scene,” said Amit Anand, establishing accomplice, Jungle Ventures.
Through Leap Finance, the startup gives global training credit item. Offering zero security, the full expense of study, dollar advances to Indian understudies seeking after worldwide schooling in the US. Leap has since extended the item suite and furthermore extended to Canada, UK and Australia.
The organization currently plans to dispatch a Visa customized to the necessities of global understudies. Aside from credit items, Leap additionally offers a global financial balance, with zero charges and the most reduced forex rates.
“2020 was an intense year for worldwide instruction with Covid related travel limitations. We are dazzled by the versatility of the Leap group during the most recent year, where not just have they served many understudies with their financing arrangements. However has additionally extended with Leap Scholar giving directing to a huge number of Indian understudies hoping to concentrate abroad,” said Ashish Agrawal, head, Sequoia Capital India.