New Delhi-based Edtech startup Leverage Edu has raised $2 million from Trifecta Capital in a debt funding round.
Speaking on the investment, Rahul Khanna, Co-Founder & Managing Partner at Trifecta Capital, said, “Leverage Edu is on a mission to democratize access to overseas education. It has scaled rapidly and has access to a global University network spanning four continents. In the increasingly competitive ed-tech sector, Leverage Edu has a unique end-to-end offering to help students achieve their foreign education goals. We believe Leverage Edu is well on its way to cementing its leadership in the digital-first student immigration segment and are excited to partner with Akshay and the Leverage Edu team going forward.”
Akshay Chaturvedi, Founder & CEO of Leverage Edu, added, “Rahul & I first met when I was raising our 2 crores round about 3 years back. Over the years, he’s been super helpful – so when the opportunity arose for our business to raise venture debt, it had to be Trifecta! I am very excited to begin this relationship with the Trifecta Capital team”
Akshay further said, “Leverage Edu’s business model has a great debt use case especially now when we are increasingly growing deeper in every region of India. In the past year, apart from metro cities, Leverage Edu has penetrated in the non-metro markets as well which now contributes to 60% of our customer base. This debt round will help us in building further towards this objective through relevant product and resource investments and thus emerge as a truly pan-India service.”
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