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Indian edtech startup LEAD becomes unicorn after raising $100m

Company to expand affordable education service making use of fresh money

Indian edtech company LEAD is trying to transform school education in India. (Screenshot from LEAD YouTube)

NEW DELHI -- 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 firms WestBridge Capital and GSV Ventures.

The round has valued the company at $1.1 billion, thus making it the first edtech company to enter the unicorn club (startups valued at $1 billion and above) in 2022, according to the company.

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