Every year, millions of students in India run abroad to get admission in universities. Often they do not know which program they should focus on, or which college is right for their skills and ambitions.
Crores of people from legacy and newfound firms are trying to offer counseling to these students. But despite accounting for more students than any other country in India, most firms aimed at addressing this challenge are not focused on India, and understand some of the unique problems of the world’s second most populous country Let’s fight
An Indian startup that bridged the gap on Thursday said it has raised $ 6.5 million in a new financing round as it sees its platform in the world’s second-largest Internet market in a big way.
Leverage edu Said Capital yesterday led the Series A Financing Round of the Gurgaon-headquartered startup. Existing investors Blum Ventures and DSG Consumer Partners also participated in the round.
Akshay Chaturvedi, the founder and CEO of Leverage Edu, told TechCrunch in an interview that he believes that the firm that is ultimately going to serve students best and emerge as the most successful is the one that is physically there for them Closer, no more universities.
Chaturvedi, 30, has been using the right model for his startup for five years. One of the early iterations of Leverage Edu mentored the students and rewarded the counselor with marks.
Today, the startup offers a wide range of services in addition to offering individual mentorship. Through its workshops, it helps students find the right college, guides them with complex applications and grade conversions, as well as assists with education loans, visas and housing. “This is a digital dashboard. You get everything from flight tickets to local phone numbers to education loans at one place.
“We believe that it is inevitable that the next stellar brand in the global cross-border education sector will develop door-to-door. We believe a lot on Akshay as a founder – he has a great roadmap to grow the business and indeed I have a passion for building a global Indian EdTech brand – and are excited about working with the Leverage Edu team on this journey, ”Rohini Prakash, Chief Executive of the Capital yesterday, said in a statement.
Leverage Edu helps students enter the most prestigious colleges, but also works with those who did not score the highest and find high-profile colleges.
“Students going to the top colleges make up just 10% of the potential audience,” explained Chaturvedi, who spent his teens participating in conversations with startup founders and made money by bringing more people into those conversations. “There are many universities that do not have the best branding. To connect them with the students, we have Univalley.com, ”he said.
The startup plans to deploy the new capital to help students find colleges in more geographic areas, including the UK and Australia.
“We want to focus on a few things and do them really well. The myth surrounding foreign education is also costly, that we have been busting it for the last four years. 18 months from now, we want to be among the top studying companies in India, both because of the number of students and a ceiling-climbing NPS – because a happy student is the reason why we are all inspired to do so every day Occur! “, They said .