PE Fund Investments
Edtech co Lead School raises $100-M led by GSV Ventures, Wesbridge; turns unicorn
Mumbai-based edtech firm Lead School has raised USD 100 million from investors led by GSV Ventures and WestBridge Capital. The deal saw Lead School turning unicorn, doubling its valuation in less than a year to USD 1.1 billion. Lead School provides tech-enabled solutions to schools with a focus on digital learning through an online or hybrid model (of physical and digital) of classrooms. It claims to work with 5,000 schools across 500 cities. By the start of the next fiscal, the company aims to reach 2 million students across the country. It also claims to have hit an annual contract value (garnered from partnering schools) of USD 80 million in 2021-22.
From the Venture Intelligence PE-VC Deal Database: Between Aug-17 and Apr-21, Lead School has raised over USD 75 million from GSV Ventures, Good Capital, WestBridge, Elevar Equity, TPG Growth and Others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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