New Delhi: Leverage Edu, an AI-enabled marketplace designed to help students with their higher education and career growth plans, today announced that it has raised a pre-series A round of funding led by DSG Consumer Partners and Blume Ventures.
The funds will boost the startup‘s mission to democratize access to mentorship by continuing its growth path and further developing the platform. This is startup’s second round of funding post a seed fund raised late in 2018.
“We are excited to partner with DSG, who are champions at helping build much loved consumer brands, and with Blume, who’ve spearheaded helping tech companies scale – both of which we aspire to be. Over the last 12 months, we have grown from a college admissions platform to a full-stack career growth company, that helps students starting grade 8 with mentorship and assessments, moves to high schoolers and college goers applying to undergraduate and postgraduate programs, and goes right up to young professionals seeking high-end career advice from best-matched experts on our marketplace”, said Akshay Chaturvedi, Co-founder and CEO – Leverage Edu.
Leverage Edu uses an AI tool to help students identify what program or college they are best suited for, and then matches them to a mentor, selected from a vast panel of expert mentors, best-fitted to the unique profile the student for virtual mentorship sessions. “The best-fit mentor advising the student means that students who had not tasted success in multiple attempts before, are now suddenly able to win. That’s very empowering for us!”, Akshay Chaturvedi, Co-founder and CEO – Leverage Edu added.
“We are bullish on the education sector globally, and in India. There is a need in the market to help students apply to better quality global education institutions, and to advise students on their careers, to help them get better jobs. Leverage Edu aims to address these needs, providing relevant, personalized advice to students and young professionals. We believe Akshay and Rajeev have the vision and ability to build Leverage Edu into one of India’s largest and most reliable career growth platforms,” said Deepak I. Shahdadpuri, MD – DSG Consumer Partners.
Representing DSGCP as an advisor, Chaitanya Rathi has joined the board of Leverage Edu as a director.
“We are delighted to partner with Akshay, Rajiv and their talented team to help them build out and now scale the higher ed platform they are building.” said Sajith Pai of Blume Ventures.
“Leverage Edu’s smart use of tech, its proprietary mentorship platform, and aggression will help them tap this demand effectively, enabling them to delight and better serve the new cohort of students coming out of urban India,” he added.
Leverage Edu is one of the first investments from Blume’s new Fund III.
Leverage Edu has now also ventured into helping students with exclusive scholarships, industry-best educational loans, help on housing, forex/VISA, and more, through multiple global partnerships. “International Study is a massively underserved market, and our largest category continues to be Study Abroad, so we will go deeper there. We want to be a one-stop shop, from discovery to dorm room”, Chaturvedi added.