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Indian Edtech Startup Lead Enters Unicorn Club After $100M Series E Fundraise

PRIVATEJan 13, 2022

Amount Raised

$100 Million

Round Type

Series E

India

Description

LEAD, a school-focused edtech company, on Thursday announced that it has raised $100 million in a Series E funding round led by private equity firm WestBridge Capital, and GSV Ventures.

Company Information

Company

Lead

Location

India

About

In the long term, the company plans to serve students in lower fee schools and expand internationally in similar geographies. In a statement, LEAD said that it plans to use the proceeds to achieve its vision of providing quality affordable education to 25 million+ students with an annual revenue run-rate of $1 billion. Founded by Sumeet Yashpal Mehta and Smita Deorah in 2012, LEAD claims to be combining technology, curriculum, and pedagogy into an integrated system of teaching and learning, thus improving student learning outcomes and teacher performance in schools across the country. LEAD said it has seen rapid adoption in the last 4 years and will enter academic year 22-23 with 5,000 schools across 500+ cities in India with an annual revenue run-rate of $80 million.

Fundz sees it the moment Lead raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Predictive Intelligence
Strategic

ML-powered predictions for Lead's next move

See what Strategic adds

Lead raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.