School edtech startup LEAD School has raised $100 million in series E funding led by WestBridge Capital and GSV Ventures, as per media reports.
The new financing round has doubled the Mumbai-based startup’s valuation to $1.1 billion in less than a year, making it the third startup to make it to the unicorn club this year after baby and skincare products company Mamaearth and AI startup Fractal.
Founded by couple Sumeet Mehta and Smita Deorah in 2012, LEAD School empowers private school owners with admissions growth and marketing solutions, minimising operational costs and ensuring high-quality affordable education to more and more students.
The startup equips its partner schools with modern learning tools including teacher tablets with preloaded LEAD Teachers' App and video content for better understanding, specially designed apps for school owners, parents, faculty, and students, internationally accepted curriculum, exclusive coding programmes, and certified teacher training to expand teachers’ skill set and adapt to the changing times.
Having started with a handful of students, the startup today provides school edtech solutions to over 3,000 schools, 25,000 teachers, and 12,00,000 students across 20 states in India.