Edtech unicorn Lead to acquire Pearson's India K-12 business

Mumbai-based edtech unicorn Lead is to acquire the K-12 India business of British educational services company Pearson. The all-cash deal will be funded through a fresh capital raise and internal accruals. The acquisition will help Lead expand its network from 3,500 to 9,000 schools. Lead, which enables digital learning in schools through a hybrid classroom model (both physical and digital), raised USD 100 million in January last year in its Series E round.