This is the company’s second round of financing post a seed round raised late last year.
The funds will boost the company’s mission to democratize access to mentorship by continuing its growth path and further developing the platform. This is the company’s second round of financing post a seed round raised late last year.
“We are excited to partner with DSG, who are champions at helping build much loved consumer brands, and with Blume, who’ve spearheaded helping tech companies scale – both of which we aspire to be. Over the last 12 months, we have grown from a college admissions platform to a full-stack career growth company, that helps students starting grade 8 with mentorship and assessments, moves to high schoolers and college goers applying to undergraduate and postgraduate programs, and goes right up to young professionals seeking high-end career advice from best-matched experts on our marketplace,” said Akshay Chaturvedi, Co-founder and Chief Executive Officer of Leverage Edu.
Leverage Edu uses an AI tool to help students identify what program or college they are best suited for, and then matches them to a Mentor, selected from a vast panel of Expert Mentors, best-fitted to the unique profile the student for virtual mentorship sessions. “The best-fit mentor advising the student means that students who had not tasted success in multiple attempts before, are now suddenly able to win. That’s very empowering for us!”, Akshay Chaturvedi, co-founder and Chief Executive Officer of Leverage Edu added.
Deepak I. Shahdadpuri, Managing Director, DSG Consumer Partners said “We are bullish on the education sector globally, and in India. There is a need in the market to help students apply to better quality global education institutions, and to advise students on their careers, to help them get better jobs. Leverage Edu aims to address these needs, providing relevant, personalized advice to students and young professionals. We believe Akshay and Rajeev have the vision and ability to build Leverage Edu into one of India’s largest and most reliable career growth platforms.
Representing DSGCP as an advisor, Chaitanya Rathi has joined the board of the company as a director.
“We are delighted to partner with Akshay, Rajiv and their talented team to help them build out and now scale the higher ed platform they are building.” said Sajith Pai of Blume Ventures, who led the deal from Blume’s side. He adds, “College admissions, especially international college admissions and adjacent spaces are a broken, fragmented and underserved market. As India gets richer, we are likely to see an exponential growth in demand for international and new age higher ed institutions. Leverage Edu’s smart use of tech, its proprietary mentorship platform, and aggression will help them tap this demand effectively, enabling them to delight and better serve the new cohort of students coming out of urban India.” Leverage Edu is one of the first investments from Blume’s new Fund III.
Leverage Edu has now also ventured into helping students with exclusive scholarships, industry-best educational loans, help on housing, forex/VISA, and more, through multiple global partnerships. “International Study is a massively underserved market, and our largest category continues to be Study Abroad, so we will go deeper there. We want to be a one-stop shop, from discovery to dorm room,” Chaturvedi adds.
In an otherwise broken industry, Leverage Edu is using technology to bring multiple pieces together and provide a seamless experience to the student and in that process, is aiming to capture a very significant spend of the economy on its platform. The company also plans to launch new products for colleges to admit better and enter into more cities post this round.
Source: BW Disrupt