Leap has announced the successful completion of its Series E funding round – $65m in a mix of primary and secondary equity led by the Apis Group, a global growth-focused investment firm.
Existing investors Owl Ventures, Jungle Ventures and Peak XV Partners also participated in the Series E.
Leap owns LeapScholar, LeapFinance, GeeBee and Yocket. Headquartered in Bangalore, with operations across 10 countries worldwide, Leap offers counselling services, visa services, education loans, and other modern financial products and solutions tailored for international students.
“We have witnessed 5x growth since our Series D two years ago,” said Vaibhav Singh, co-founder of Leap.
“Today, Leap is not only the study abroad platform of choice in India, but is fast establishing itself as a global leader with scaling operations in 10+ countries.”
In 2022, Leap raised $75 million in Series D funding. Prior to this, in 2021, it raised $55m in Series C funding, on top of a $17m Series B round.
“Building for the world from India is something we are very proud of. This investment from marquee investors further bolsters our ambitions and we are even more committed to our mission of democratising access to quality global education,” Singh continued.
Building for the world from India is something we are very proud of
Vaibhav Singh, Leap
Arnav Kumar, co-founder of Leap, commented on the company’s plans: “Having built the underlying infrastructure for global student mobility, Leap has now proven scale across multiple dimensions. We have launched many industry-first products and experiences to make the student journey seamless.
“Ensuring student success is why we exist and the AI revolution we are seeing today will allow us to continue to deepen our existing offerings at a faster pace than ever before.”
The platform’s approach combines human expertise with AI-powered tools to offer personalised guidance and solutions and has led to over one million students served and partnerships with 1,000+ leading educational institutions globally.
Matteo Stefanel, co-founder and managing partner at Apis Partners, commented: “We are thrilled to partner with Leap and to support its transformative approach to global education. Leap is using technology to not only help students find and access the right educational opportunities but also equip them with the tools to succeed. As such, we believe Leap’s mission aligns closely with Apis’ commitment to driving financial inclusion.”
Yash Sankrityayan, managing partner, SE Asia investments, Jungle Ventures said: “Leap has continued to scale profitably but more importantly, also expand regionally to prove that they are building for a global demand. Jungle Ventures is proud to invest behind the Leap team again and support them to continue to build the most trusted, end-to-end, global education access company.”
