New Delhi: Leverage EdTech Pvt. Ltd, which operates university admissions-focused startup Leverage Edu, on Thursday said it has raised Rs 47 crore ($6.5 million) as part of its Series A funding round.
The funding was led by Tomorrow Capital which alone brought in Rs 26.5 crore, said Leverage Edu in a statement.
Akshay Chaturvedi, founder, and CEO, Leverage Edu, said that the company will use the funds for expansion in newer markets, product innovation and to deepen its student-first approach.
The New Delhi-based startup began operations in 2017 as an education mentorship marketplace before becoming a full-stack university admissions adviser.
It says it has two main parts of its business now. First, its platform OneView helps students select the right program and apply to universities and colleges across the world. It also helps them with services like education loans and accommodation.
Second, its SaaS-enabled Univalley.com helps universities find talent for their programs.