Leap has announced that it has secured $55 million in series C funding round led by Owl Ventures. Harvard Management Company as well as Sequoia Capital India and Jungle Ventures also participated in the funding round.
Speaking on the funding, Vaibhav Singh, co-founder of Leap, commented, “We have seen an unprecedented demand from students to move abroad this year as international borders open post-Covid. Our community-led approach coupled with a comprehensive product suite for all international student needs is truly differentiated. Not surprisingly we have seen explosive growth.”
Amit Patel, Managing Director at Owl Ventures, added, “Leap is on the trajectory to become the pre-eminent study abroad platform for students. The overseas education market is fragmented where there is no single one-stop solution. Leap is creating a comprehensive platform that addresses all of these preparation and financing needs for students.”
According to the startup, it has a million-member community of international study aspirants in South Asia and has helped over 60,000 students in their study abroad journey over the last 18 months. The services of this startup include international test preparation, professional admissions counselling, student loans, international student bank accounts, foreign currency remittance, and international career guidance.
Co-founder of Leap – Arnav Kumar continued, “We are building products at the intersection of fintech and edtech for global education. In the last 12 months, we have identified and filled key gaps in the international students’ journey.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.