LEP abroad, accelerate global expansion with $ 65

According to a senior executive, after the Apis Partners Group (UK) LTD’s $ 65 million fundraising, Leap is a startup of helping students study abroad to plan to double international expansion, including acquisition.

According to the company, about 80 % of the capital raised in this round comes from new investors, including APIS growth market III and APIS Global Global Growth Fund III.

Leap will use this money to enter China, Malaysia and Taiwan, except in Bangladesh, Sri Lanka, West Asia, and Southeast Asia to establish deeper business.

The co -founder ArnaV Kumar told Mint: “We are in 11 countries/regions including India, and our focus is that we have deepened our existence in these markets.” “We will also expand to Taiwan, China, and China and and China and China and and China and China and and China and China and and China and China. New markets such as Malaysia are one of the key reasons for raising this fund. “

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The funds raised $ 75 million of DEAP for nearly 30 months in June 2022. Kumar did not disclose the current valuation of the startup, but in the previous round, its value was 850-900 million US dollars.

Leap also plans to acquire the company’s expansion, especially in China and India.

“We have some dry powder to achieve our acquisition opportunities. We see the integration of the entire industry, especially using artificial intelligence and data,” Kumar said. “India is still a huge geography, and China is also an important market. Expansion solutions in these areas will attract people’s attention.”

“It’s not a trivial adjacent”

Kumar desires to build Leap’s technical capabilities-another key field fundraising.

Kumar said: “We are also excited about using the latest technological progress to establish innovative products, and we are still open to all the opportunities of all geographical location.” “A focus is to win the product innovation and use AI to continuously reduce students’ information searching for searching for information. cost.”

Through this, LEAP plans to expand its products to including law and medicine.

Leap was established by Vaibhav Singh and Kumar in 2019 to provide TOEFL and SAT for testing and preparation applications; enrollment and visa consultation, as well as financial products such as V -V -Valuva and accommodation and accommodation. It can also help international bank accounts, credit cards and remittances.

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The value -added service contributes about 10 % to the income portfolio of Leap, and most of them come from consulting and financing. Kumar said that among the two, consultation generated more than financing.

So far, Leap raised more than $ 200 million in equity from Jungle Ventures, Owl Ventures and Peak XV Partners. These investors also participated in the current capital round.

LEAP’s latest fundraising was obtained when studying abroad, which made several Edtech companies an extra adjacent, which increased the competition in the market segment. However, Kumar was not shocked.

“This is a complicated part. You must focus on and correctly get a hundred things. This is not a trivial adjacent adjacent that everyone can enter, which requires a lot of innovative thinking.” Kumar said. “Although competition is very suitable for promoting the company to create better products, I haven’t seen anything that makes me paranoia. Some players are trying small and new attempts, but we can’t see any impact on our business.”

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