Edtech startup Leap raises $55 million funding led by Owl Ventures
The round also saw participation from Harvard Management Company, Inc, along with returning investors Jungle Ventures and Sequoia Capital India, it said in a press statement.
The round
comes less than six months after Leap raised its Series B funding, which was led by Jungle Ventures, bringing the total equity capital raised by the startup to date to over $75 million.
With the fresh infusion of capital, the San Francisco-based company intends to extend its service suite to students across Southeast Asia and MENA regions. It intends to enable them to pursue their global education aspirations across more than 20 destination countries.
“Leap intends to broaden its product portfolio to offer more innovative solutions to international students. Some of the products in the pipeline include an international student credit card and insurance products. The company is also building a suite of offerings to help international students succeed on campus once they have made the move abroad,” the statement said.
Last month, the company announced that it
planned to hire 500 employees in India and abroad by the end of the year. By doing so, it hopes to fortify its product and technology stack.
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Founded in 2019, Leap has helped more than 60,000 students in their study abroad journey, the company said.
It runs an online platform that offers end-to-end services for students pursuing overseas education and careers. It offers counselling services, visa services, education loans and other financial products.
“We will continue to expand our programme coverage and build new product lines to offer delightful experiences to international students across the globe,” said Arnav Kumar, cofounder, Leap.
Amit Patel, managing director, Owl Ventures, said, “Owl Ventures is excited to deepen our partnership with Vaibhav, Arnav and the Leap team to make studying abroad a reality for as many students as possible.”
( News Source :Except for the headline, this story has not been edited by Rashtra News staff and is published from a economictimes.indiatimes.com feed.)
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