Leap Elevates Senior Executive Rajan Chaudhary To Cofounder

SUMMARY

Leap has elevated its assistant vice president (AVP) of engineering Rajan Chaudhary as cofounder of the company, effective immediately

The company said in a statement that his appointment is aligned with Leap’s innovation and global growth plans

Previously, he has worked with Caavo, HomeLane, Gracenote and other brands with an overall experience of 15 years

San Francisco and Bengaluru-based overseas education startup Leap has elevated its senior executive Rajan Chaudhary as cofounder of the company, effective immediately.

The company said in a statement that his appointment is aligned with Leap’s innovation and global growth plans.

Chaudhary, as per his LinkedIn profile, has been working with Leap for more than five years. Most recently, he has been serving as the assistant vice president (AVP) of engineering for about 18 months, driving the startup’s technological evolution, scaling its platforms and advancing product innovation.

Prior to that, he has also worked with consumertech startup Caavo, interior design company HomeLane, entertainment platform Gracenote and other brands in engineering roles, while he holds an overall experience of 15 years.

“Rajan’s elevation reflects our belief in building leadership from within and positions us strongly for the next phase of Leap’s global expansion,” Vaibhav Singh, cofounder of Leap, said.

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.

Since its inception, the edtech startup claimed to have raised over $400 Mn in equity and debt, from investors such as Owl Ventures, Sequoia Capital India, Jungle Ventures and Peak XV Partners.

On the financial front, Leap managed to cut its net loss by 72.3% to INR 29.43 Cr in the financial year ending March 31, 2024 (FY24) from INR 106.21 Cr, a year ago. Meanwhile, its operating revenue in the reported year grew 113.7% to INR 174.92 Cr from INR 81.86 Cr in FY23.