Who Is Backing Leverage Edu’s New Funding Round?
Study abroad platform Leverage Edu is set to raise around Rs 200 crore (over $20 million) through a mix of equity and debt financing as part of its upcoming Series D funding round, according to sources familiar with the matter.
Sources indicated that the equity component of the round is being led by Dubai-based Aditum Fund, while debt financing is expected to come from IDFC FIRST Bank.
According to one source, the funding round is currently being finalised and most of the documentation has already been completed.
“The company is finalising a Rs 200 crore round comprising both primary equity and venture debt. The valuation is pegged at around $300 million,” the source said.
The fresh funding is expected to more than double Leverage Edu’s previous valuation of around $140 million.
How Will Leverage Edu Use The Fresh Capital?
According to another source, the company plans to use the newly raised funds to strengthen its international expansion strategy, scale its financial services vertical and accelerate AI-driven counselling and admissions products.
Founded in 2017 by Akshay Chaturvedi, Leverage Edu helps students with overseas university admissions, education financing, visa services and test preparation.
The startup has expanded its operations across major international education destinations including the UK, the US, Canada and Australia.
Industry experts believe AI-powered counselling and personalised admissions guidance are becoming increasingly important differentiators within the rapidly evolving study abroad ecosystem.
Is Leverage Edu Preparing For An IPO?
The latest funding development comes amid growing reports around Leverage Edu’s public market ambitions.
According to earlier reports, the company is exploring an initial public offering (IPO) worth Rs 2,000–3,000 crore through a combination of fresh issue and offer-for-sale (OFS).
Industry observers believe the proposed Series D round could strengthen the company’s balance sheet and improve market positioning ahead of a potential public listing.
India’s startup ecosystem has witnessed increasing IPO preparation activity as late-stage companies focus on profitability, governance and operational scale before entering public markets.
How Fast Is Leverage Edu Growing?
Leverage Edu has emerged as one of India’s fastest-growing study-abroad and cross-border education platforms.
According to the company, it reported revenue of Rs 375 crore during FY26, representing a 112% year-on-year increase compared to Rs 173 crore in FY25.
The company also claimed to have achieved EBITDA profitability and positive cash generation during the year, supported by a global user base of more than 175,000 students.
With the upcoming round, Leverage Edu’s total funding raised to date is expected to approach nearly $90 million.
The startup had previously secured $40 million in its Series C round in July 2023 led by Blume Ventures and DSG Consumer Partners.
Why Are Investors Bullish On Study-Abroad Platforms?
India’s study abroad and cross border education market has witnessed renewed investor interest as outbound student mobility continues rising sharply.
Increasing global education demand, financing needs and digital counselling adoption are creating strong growth opportunities for edtech and education financing startups.
Leverage Edu competes with companies including Leap, Yocket and upGrad Abroad.
Analysts believe companies capable of combining technology driven counselling, financing and admissions support could emerge as long-term leaders in India’s international education ecosystem.
Queries sent to Leverage Edu, Aditum Fund and IDFC FIRST Bank reportedly did not receive an immediate response
