![](https://inc42.com/cdn-cgi/image/quality=75/https://asset.inc42.com/2025/01/Untitled-design-99-760x570.png)
San Francisco and Bengaluru-based overseas education startup Leap has secured $65 Mn (INR 562.7 Cr) as a part of its Series E funding round led by Apis Partners’ funds
The round, which is a mix of primary and secondary deal, also saw participation from existing investors, including Owl Ventures, Jungle Ventures and Peak XV Partners
The latest fundraise catapulted the company’s total equity funding to $210 Mn till date
San Francisco and Bengaluru-based overseas education startup Leap has secured $65 Mn (INR 562.7 Cr) as a part of its Series E funding exercise led by Apis Partners’ funds – Apis Growth Markets Fund III and Apis Global Growth Fund III.
The round, which is a mix of primary and secondary deal, also saw participation from existing investors, including Owl Ventures, Jungle Ventures and Peak XV Partners.
The latest fundraise catapulted the company’s total equity funding to $210 Mn till date. However, it did not disclose the valuation.
“We are looking to deploy the primary proceeds to further double down on our product development and existing offerings,” said Vaibhav Singh, cofounder of Leap.
Founded in 2019 by Singh and Arnav Kumar, Leap operates four brands – LeapScholar, LeapFinance, Yocket and Geebee that facilitate overseas education aspirants in planning out their studies in foreign countries. Its offerings include counselling services, visa services, credit for overseas education, and other bespoke financial products as well as solutions.
Leap is also expanding its Middle East and SouthEast Asia operations and claims to have partnerships with more than 1,000 international universities.
On tapping artificial intelligence, Singh told Inc42, “What we have already successfully established is AI in its ability. For example, to train students in preparing for some of the exams they need to take to move abroad. Besides, in our test prep suite, we are already using a lot of AI both in terms of teaching as well as help in evaluating better.”
“Having built the underlying infrastructure for global student mobility, Leap has now proven scale across multiple dimensions. We have launched many industry-first products and experiences to make the student journey seamless. Ensuring student success is why we exist and the AI revolution we are seeing today will allow us to continue to deepen our existing offerings at a faster pace than ever before,” Kumar said in a statement.
Avendus Capital acted as the exclusive financial advisor to Leap and its shareholders on this transaction.
In 2022, Leap raised $75 Mn in its Series D funding round led by Owl Ventures. Back then, it said that the funding would be deployed for partnerships with educational institutions abroad, develop existing products and enter into new geographies.
Prior to that, Leap secured $55 Mn in its Series C funding round from Owl Ventures, Harvard Management Company, Jungle Ventures and Sequoia Capital India. Before that, it bagged $17 Mn in its Series B funding round led by Jungle Ventures.
As per Inc42’s Annual Funding Report, 2024, Indian edtech startups raised more than $568 Mn in 2024, up from $283 Mn in 2023. However, the deal count took a major hit, plunging over 38% to 29 in the year under review from 47 in 2023.
This decline in the number of deals could be attributed to big-ticket startups lapping up hefty rounds. For context, Physics Wallah raised a $210 Mn round in September 2024 while Prosus-backed Eruditus secured $150 Mn in a Series F round led by TPG a month later.