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The company has raised total funding of approx. $36m to date. It plans to use the capital to continue expanding operations and its business reach and improve its technology offerings.
FREMONT, CA: Lead School, a Mumbai, India-based edtech startup for schools to digitize the learning experience, closed $28m in Series C funding. The round was led by WestBridge Capital, with active participation from existing investors Elevar Equity.
The company has raised total funding of approx. $36m to date. It plans to use the capital to continue to expand operations and its business reach and improve its technology offerings.
Led by co-founder and CEO Sumeet Mehta, Lead School runs its own schools and partners with private schools to enhance students' learning outcomes. Its digital system provides a model based on a mobile app for teachers, which has detailed lesson plans and audio-visual resources, with the aim to empower every child to achieve national grade level proficiency utilizing the world-renowned, level-based English curriculum, build conceptual clarity in Math and Science. All this, by serving the unique learning needs and patterns of every child, making sure that parents, teachers, and the school can collaborate to work for the unified goal of excelling in education with its integrated academic system. The company has a network of 800 schools.
"We aim to democratise learning by transforming schools in Tier II, III and IV towns where the majority of India lives. Our firm belief is that every child, irrespective of their economic background or location of birth, should have access to an excellent education," stated Sumeet Mehta, Co-Founder and CEO of LEAD School.
"The new round of funding will help us bring more innovation and reach more students and schools," Mehta added.