Annually, tens of millions of scholars in India rush to get an admission in universities overseas. Usually they don’t know which program they need to concentrate on, or the faculty that’s proper for his or her skillset and ambition.
Scores of legacy and newfound companies try to supply counselling to those college students. However regardless of India contributing extra worldwide college students than some other nation, most companies aiming to handle this problem usually are not centered on India, and wrestle to grasp some distinctive issues college students on the earth’s second most populous nation face.
An Indian startup that’s bridging this hole on Thursday mentioned it has raised $6.5 million in a brand new financing spherical because it seems to be to scale its platform on the earth’s second largest web market.
Leverage Edu mentioned Tomorrow Capital led the Delhi-headquartered startup’s Sequence A financing spherical. Current traders Blume Ventures and DSG Client Companions additionally participated within the spherical.
Akshay Chaturvedi, founder and chief govt of Leverage Edu, advised TechCrunch in an interview that he believes that ultimately the agency that’s going to serve the scholars finest and emerge most profitable would be the one that’s bodily nearer to them, and to not the colleges.
Chaturvedi, 30, started exploring this concept for this startup in 2015 and spent just a little greater than a yr experimenting with totally different fashions. One of many earliest iterations of Leverage Edu supplied mentorship to college students and rewarded counselors with factors.
Right this moment, the startup gives a broad vary of providers along with providing customized mentorship. By its workshops, it helps college students discover the correct faculty, guides them with advanced functions and grade conversions, in addition to assists with training mortgage, VISA, and lodging. “It’s one digital dashboard. You get every thing from flight tickets to native telephone numbers, to training mortgage in a single place,” he mentioned.
“We imagine it’s inevitable that the following stellar model within the world cross-border training house shall be a home-grown one. We have now an amazing perception in Akshay as a founder – he has a improbable roadmap for scaling the enterprise and the fervour to construct a really world Indian edtech model – and are enthusiastic about working with the Leverage Edu staff on this journey,” mentioned Rohini Prakash, chief govt of Tomorrow Capital, in a press release.
Leverage Edu helps college students land admission in essentially the most prestigious schools, but in addition works with those who didn’t rating essentially the most marks.
“College students going to the highest schools is simply 10% of the potential viewers,” defined Chaturvedi, who spent his teen years attending talks from startup founders and likewise made cash by bringing extra folks to these talks. “There are various universities that don’t have the very best branding. To attach them with college students, we’ve our SaaS providing Univalley.com,” he mentioned.
The startup plans to deploy the recent capital to assist college students discover schools in additional geographies together with the UK and Australia, he mentioned.
“We wish to concentrate on a couple of issues and do them actually very well. There’s additionally this delusion round overseas training being costly that we’ve been busting for final 4 years. 18 months from now, we wish to be among the many high research overseas firms in India, each by variety of college students and a roof-hitting NPS – as a result of a cheerful scholar is why we’re all actually motivated on a regular basis to do that!”, he added.