Leverage Edu, a Noida-based overseas-focused higher education counselling platform run by Leverage EdTech Pvt Ltd, announced it has secured Series C funding of $40 million led by Princeton-based language testing conglomerate ETS, according to VCCircle report.
The round also saw participation from its existing investors like Blume Ventures, DSG Consumer Partners and Kaizenvest PE.
The existing round, valuing the edtech firm at about $150 million, is at a markup of about 35-40% to its previous valuation, when it raised about $22 million in its Series B round last year.
The fresh proceeds will be deployed to strengthen its presence in the US and Australian markets.
Founded in 2017 by Akshay Chaturvedi, Leverage Edu provides full-stack services to students pursuing international education and careers, offering dedicated counselling, application support, college admissions, education loans, international money transfer and student accommodation.
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.