Indian edtech startup LEAD becomes unicorn after raising $100m

Company to expand affordable education service making use of fresh money

20220114 LEAD

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

PRAMUGDHA MAMGAIN, DealStreetAsia

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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