Leap, a San Francisco, CA-based study abroad platform for South Asia, raised $55m in Series C funding.
The round, which brought the total equity capital raised by the startup to date to over $75m, was led by Owl Ventures with participation from Harvard Management Company, Inc. and existing investors Jungle Ventures and Sequoia Capital India.
The company intends to use the funds to extend its service suite to students across SE Asia and MENA regions and enable them to pursue their global education aspirations across more than 20 destination countries, and to broaden its product portfolio to offer more innovative solutions to international students.
Founded in 2019 by Vaibhav Singh and Arnav Kumar, Leap is an online platform offering end-to-end services for students pursuing international education and careers. Headquartered in San Francisco, with offices in Bangalore (India), the company offers international test preparation, professional admissions counseling, student loans, international student bank accounts, foreign currency remittance, and international career guidance. It runs a million-member strong community of international study aspirants in South Asia and has helped over 60,000 students in their study abroad journey over the last 18 months.
In August 2021, the company announced that it plans to hire 500 employees by the end of the year, in India and abroad, to fortify its product and technology stack.
FinSMEs
09/09/2021