September 2020 \ Business & Investment \ BUSINESS AND GOVERNANCE
LEAD School raises Rs 210 crore

Mumbai-based edtech startup LEAD ...

Mumbai-based edtech startup LEAD School in August said it has raised $28 million (around Rs 210 crore) in a Series C funding round led by Westbridge Capital, along with the existing investor Elevar Equity. The company would use the latest round of funding to accelerate the development and rollout of new product offerings, increase its school network in tier 2-3 cities and hire talent across domains.

The current Series C round is LEAD School’s third round of institutional funding since 2017. Both the previous rounds were led by Elevar Equity, which remains a major stakeholder. “LEAD School partners with affordable private schools to transform them into centres of excellent learning through our Integrated System,” LEAD School Co-founder and CEO Sumeet Mehta said in a statement. “The new round of funding will help us bring more innovation and reach more students and schools.”

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