Leap, a full-stack international student mobility platform, has raised $65 million through a mix of primary and secondary equity, led by Apis Growth Markets Fund III and Apis Global Growth Fund III. Existing investors, including Owl Ventures, Jungle Ventures, and Peak XV Partners, also participated in the round.
While the company has not disclosed its valuation, reports suggest it was targeting a valuation exceeding $1 billion in this round. Previously, the Bengaluru and San Francisco-based firm raised $75 million in its Series D round, valuing it between $850-900 million.
With this latest investment, Leap has now amassed over $200 million in equity since its inception in 2019.
Leap, which operates LeapScholar, LeapFinance, GeeBee, and Yocket, provides an online community for study-abroad aspirants. Its services include test preparation (IELTS, TOEFL, SAT), admissions & visa counseling, and financial assistance, such as international student loans.
The company primarily caters to institutions in the US, Canada, UK, and Australia. It claims to have served over 1 million students and partnered with 1,000+ top educational institutions worldwide.
“Students love Leap’s one-stop approach to their international education needs. We have witnessed 5x growth since our Series D two years ago. Today, Leap is not only the study-abroad platform of choice in India but is also rapidly establishing itself as a global leader, scaling operations in 10+ countries,” said Vaibhav Singh, co-founder of Leap.
According to TheKredible, Leap and its competitors—including Auxilo, Avanse Financial, GryQuest, Financepeer, Propelld, Mpower Financing, and Eduvanz—have collectively secured approximately $500 million in funding over the past 24 months.
Vishal Gawai
Verified JournalistVishal Gawai is the founder of TheIndiaBizz, a media and information platform in India that offers in-depth coverage of the country's startup ecosystem.