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Founded Year

2012

Stage

Debt - II | Alive

Total Raised

$190.24M

Valuation

$0000 

Last Raised

$20M | 8 mos ago

About LEAD

LEAD, formerly known as LEAD School, combines tech, curriculum, and pedagogy to create affordable private schools to provide school management services such as curriculum, content, assessments, delivery, administration, teacher capability building, and parent engagement. It aims to improve the learning process for high schools and pre-schools in underserved communities in India. The company was founded in 2012 and is based in Mumbai, India.

Headquarters Location

B Wing, Business Square, Andheri Kurla Road 401/501, 4th Floor

Mumbai, 400 093,

India

+91 86828 33333

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Expert Collections containing LEAD

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

LEAD is included in 1 Expert Collection, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

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Latest LEAD News

LEAD Schools’ FY23 Loss Narrows 18.5% to INR 322 Cr

Sep 11, 2023

SHARE Share story LEAD School’s operating revenue more than doubled to INR 273.1 Cr in FY23 from INR 132.3 Cr in FY22 Total expenses rose just 14.7% to INR 617.4 Cr in FY23, with the edtech unicorn claiming it reduced its cash burn by 60-70% It must be noted that LEAD School laid off over 160 employees in multiple rounds in FY23 Mumbai-based edtech startup LEAD School’s net loss declined 18.5% to INR 321.9 Cr in the financial year 2022-23 (FY23) from INR 395.3 Cr in FY22 on strong growth in business and reduction in cash burn. The WestBridge Capital-backed startup’s operating revenue more than doubled to INR 273.1 Cr in FY23 from INR 132.3 Cr in the previous fiscal year, as per its filing with the Ministry of Corporate Affairs. The edtech unicorn generates revenue by providing academic solutions, including devices and textbooks to its client schools. It also offers curriculum advisory and support services to schools and pre-schools, parents, and students. LEAD School enables schools to combine technology, curriculum, and pedagogy in an integrated teaching and learning system. The startup earned a revenue of INR 203.7 Cr through sale of products in FY23, while the remaining operating revenue was generated from sale of services. Including other income, LEAD School’s total income stood at INR 295.5 Cr in FY23, a 107% jump from INR 142.8 Cr in the previous year. Helped by cost-cutting measures, the startup was able to control the rise in its expenses relative to its business growth during the year under review. Its total expenses increased over 14.7% to INR 617.4 Cr in FY23 from INR 538.1 Cr in FY22. In a statement, LEAD School said it reduced its cash burn by 60-70% in FY23 compared to the previous year. Employee benefit expenses continued to be the biggest expenditure for the startup. It spent INR 285.4 Cr on employee expenses in FY23, an increase of 11% from INR 256.4 Cr in FY22. It must be noted that LEAD School laid off over 160 employees in multiple rounds in FY23. Besides employee benefit expenses, the startup spent INR 134.8 Cr on procurement of books, teaching aids and devices in FY23, a jump of 40% from INR 95.9 Cr in the previous fiscal year. The startup also spent INR 137 Cr on ‘other expenses’ in FY23. However, the filing didn’t provide the break up of other expenses. LEAD School’s advertisement and promotional expenses fell 68% to INR 24.5 Cr in FY23 from INR 76.4 Cr in FY22. EBITDA margin improved to -104.2% in FY23 from -270.3% in FY22. The startup claimed it is on the path to achieve profitability and become EBITDA positive in FY25. Founded in 2012 by Sumeet Mehta and Smita Deorah, LEAD claims its integrated system is available to schools in 400+ towns and cities across India, reaching 5 Mn students and empowering over 50,000 teachers. The startup has raised over $185 Mn till date and counts GSV Ventures and Westbridge Capital among its backers. Earlier this year, LEAD School announced the acquisition of London Stock Exchange-listed education group Pearson’s K-12 learning business in India for an undisclosed amount.

LEAD Frequently Asked Questions (FAQ)

  • When was LEAD founded?

    LEAD was founded in 2012.

  • Where is LEAD's headquarters?

    LEAD's headquarters is located at B Wing, Business Square, Andheri Kurla Road, Mumbai.

  • What is LEAD's latest funding round?

    LEAD's latest funding round is Debt - II.

  • How much did LEAD raise?

    LEAD raised a total of $190.24M.

  • Who are the investors of LEAD?

    Investors of LEAD include Alteria Capital, Standard Chartered, HDFC Bank, ICICI Bank, Stride Ventures and 8 more.

  • Who are LEAD's competitors?

    Competitors of LEAD include Birla Brainiacs and 4 more.

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Trusted by the world's smartest companies to:
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Compare LEAD to Competitors

F
Flomont World School

Flomont World School (FWS) offers school and educational facilities. It offers Cambridge Board (IGCSE) programs for middle and high school children and kindergarten montessori programs. The company was founded in 2015 and is based in Bangalore, India.

S
Susquehanna Prep and Apple Tree Nursery School

Susquehanna Prep and Apple Tree Nursery School offer a private early childhood development center and an elementary school. It provides a learning environment and a curriculum that develops intellectual skills and helps children develop social awareness that will enable them to work and play with others. The school provides preschool and elementary, writing programs, student writing, tuition, an admission process, and technology. Susquehanna Prep and Apple Tree Nursery School was founded in 1977 and is based in Forty Fort, Pennsylvania.

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Klay Schools

Founding Years Learning Solutions, which runs Klay Schools preparatory schools and daycare centers, is a school chain with a presence in the Delhi-National Capital Region, Mumbai, Bengaluru and Hyderabad.

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Seed Schools

Seed (Standard of Excellence in Education and Development) Schools offer educational services. The institute provides curriculum, training, and management services to low-cost private schools (LCPS). It offers technology literacy, activity-based learning, extracurricular activities, and more. The institute was founded in 2013 and is based in Hyderabad, India.

B
Birla Brainiacs

Birla Brainiacs offers a collaborative learning platform for students from nursery to grade 12. Its platform offers hybrid homeschooling along with real-life skills, helping students optimize their time for school curriculum as well as allocate time to pursue their passion. It was founded in 2019 and is based in Mumbai, India.

Spring Education Logo
Spring Education

Spring Education is an education network of private school institutions that brings together private school programs, with proven track records educating children through crafted curricula. It is based in West Chester, Pennsylvania.

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