Leverage Edu Plans to Raise Rs 200 Crore for International Expansion

Leverage Edu, a prominent study abroad platform, is preparing to raise approximately Rs 200 crore (over $20 million) through a combination of equity and debt in its Series D funding round, as per sources familiar with the situation. The equity segment is being spearheaded by Dubai’s Aditum Fund, while debt financing is anticipated to be from IDFC FIRST Bank, sources revealed.

One source, who preferred to remain anonymous, mentioned that the firm is finalising a funding round amounting to Rs 200 crore, which includes both primary equity and venture debt. The company’s valuation is around $300 million. Most of the necessary paperwork has been completed, and the agreement is likely to close soon.

Another insider indicated that the newly acquired funds are primarily aimed at enhancing Leverage Edu’s international expansion efforts, bolstering its financial services for students, and advancing AI-driven counselling and admissions tools.

Leverage Edu’s Background

Founded in 2017 by Akshay Chaturvedi, Leverage Edu assists students in securing admissions abroad, education financing, visa services, and test preparation. The startup has successfully broadened its presence in key study-abroad locations such as the UK, US, Canada, and Australia.

To date, Leverage Edu has raised nearly $70 million in funding, including a $40 million Series C round in July 2023 led by Blume Ventures and DSG Consumer Partners. With the latest funding round, the company’s valuation is set to more than double from approximately $140 million.

Future Plans and IPO Ambitions

This funding development coincides with the company’s reported ambitions regarding an IPO. An Inc42 report from April 2026 stated that Leverage Edu is targeting a public issue estimated between Rs 2,000–3,000 crore, which would consist of a mix of fresh shares and an offer for sale (OFS).

In FY26, the company reported revenues of Rs 375 crore, marking a remarkable 112% increase from Rs 173 crore in the prior fiscal year. According to the company’s claims, it has also achieved positive EBITDA and generated cash throughout the year, thanks to a global user base exceeding 175,000.

The study-abroad and cross-border education sector has observed a resurgence in investor interest, driven by the increasing number of students from India seeking education overseas. Leverage Edu faces competition from platforms like Leap, Yocket, and upGrad Abroad. Inquiries sent to Leverage Edu did not receive an immediate response, and neither Aditum Fund nor IDFC FIRST Bank responded by the time of publication.