Leverage Edu, an Artificial Inelligencec (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 & Blume Ventures.
Bengaluru, 15 Jan, 2019. RedNewswire/-
Leverage Edu will use the funds to further invest in product development, particularly in K-12 segment, growing its team and expansion into tier-2 cities.
Akshay Chaturvedi, Co-founder and Chief Executive Officer of Leverage Edu. “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.”
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!”, Chaturvedi added.
DSG Consumer Partners (DSGCP) is a venture capital fund focused on identifying, selecting and investing exclusively inearly-stage consumer businesses in India and South East Asia. Their current and past investments include Sula Wines, Cleartrip, Raw Pressery, Veeba Foods, Mswipe, OYO Rooms (exit to Softbank), Zipdial (sold to Twitter), Redmart (sold to Lazada) GOQii, Chai Point and India Lends.
DSGCP has US$100m under management and is now investing from DSGCP II and is in the process of raising $60mn for DSGCP III this year.
Deepak I. Shahdadpuri, Managing Director, DSG Consumer Partners said “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
Blume Ventures was founded in 2010 by Karthik Reddy and Sanjay Nath, is a leading seed and pre-A fund that backs startups with funding as well as active mentoring and support. Blume has invested in over 100 companies, including GreyOrange, Unacademy, Turtlemint, Cashify, Servify, Locus, Stellaps, Cashify, Healthifyme and many more.