Edtech startup LEAD School raises $28 mn led by WestBridge Capital
Mumbai-based edtech platform LEAD School has raised $28 million in Series C funding led by WestBridge Capital. The round also saw participation from LEAD School's existing investor Elevar Equity. Founded by Sumeet Mehta and Smita Deorah, LEAD School claims to have partnered with over 800 schools across over 10 states in India.
The company’s existing investor Elevar Equity has also participated in this round. Elevar Equity had previously infused $7 Mn in Lead School’s Series B round in 2019 and $1 Mn in Series A funding round in 2017. The edtech startup is planning to use the latest funding to target more private schools in Tier 2 cities and beyond. Currently, 80-85% of its customers include affordable private schools in Tier 2, 3 and 4 towns.
Affordable schools in small towns is where the problem is. In metros, the teachers are doing a great job. But in small towns, the parent aspiration is high, but teacher skill is low, and that’s the sweet spot where we work,” cofounder and CEO Sumeet Mehta said.
Lead School is also looking to use this capital to grow its sales channels, sign up new customers, and enhance its technology offerings to help schools better monitor and improve student learning outcomes.
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