Leverage Edu raises $22 million in Series B at valuation of $120 million

Leverage Edu, a startup that helps students with higher education and career guidance in foreign universities, said it has raised $22 million in its Series B round at a valuation of $120 million.

With more than 50,000 downloads that its application namely “Study Abroad with LeverageEdu'' has witnessed since its launch last month, Leverage Edu currently caters predominantly to Indian and Nigerian markets, something it wishes to expand post this round of fundraising.

This fundraising round saw participation from various investors like Kaizenvest Private Equity, DSP Mutual Fund Group, Artha Ventures, UAE-based NB Ventures, 9Unicorns; plus returning funds like Blume Ventures, DSG Consumer Partners, and Tomorrow Capital, among others.

Prominent individuals like Morgan Stanley MD Hemant Gupta, CRED founder Kunal Shah, BookMyShow founder Ashish Hemrajani, True North Partner Haresh Chawla, Lenskart founder Peyush Bansal, ShareChat founder Farid Ahsan have also invested.