Although the company has not disclosed the size of the investment, Leverage Edu has announced receiving seed funding from a number of investors. The seed funding round was led by Ananda Sankeshwar and Kashyap Deorah. Other investors included Anindya Ghose, Arjun Mehta, Bhagwan Chowdhry, Deepak Jain, Sadashiva NT, Satish Kaul, and Swati Desai.
Leverage Edu Information
The company, which is a mere five months old, operates in the higher education sector. It runs a mentorship program and career assessment.
Leverage Edu match students with thousands of colleges outside of India through a panel of over 100 experts. The portal uses machine learning to help students build academic profiles, including filing for patents and writing papers for the selection process. It also helps them apply to programs with the help of a counsel of experts.
It also offers UnivGateway to universities, which is a SaaS (software-as-a-service) tool that helps them admit the best students.
Leverage was founded by former chief marketing officer at babajob.com, Akshay Chaturvedi, along with education executive Rajiv Ganjoo. The platform targets students of eighth grade and up for the career assessment program.
“Our SaaS platform helps the aspiring student work on the applications, get on-demand mentoring, give access to education loans and forex, living and much more. We are passionate about helping folks build awesome careers, and live through that entire journey with them,“ said Chaturvedi.
“A large number of young Indians aspire for higher education and a large number of colleges worldwide are looking for these students. Matching them at scale is an unsolved problem. Akshay is the right entrepreneur to connect the two worlds,” said Kashyap Deorah, on the investment.
Anand Sankeshwar has been Managing Director of VRL Logistics Ltd. since 2005 and serves as Managing Director of Vijayanand Printers Limited. He also heads its marketing department and is involved in the day to day affairs.
Kashyap Deorah is the co-founder and CEO at JustChalo, as well as the co-founder of HyperTrack. Deorah is also the founder and CEO of Chaupaati Bazaar.
Anindya Ghose is a professor of technology and marketing analytics at the New York University Stern School of Business. He is also the director of the Center for Business Analytics at NYU Stern.
Arjun Mehta is the co-founder and CEO at TrakFire. He was formerly the founder and president of Stoodle and was a co-founder at PlaySpan.
Bhagwan Chowdhry is a professor of finance at UCLA Anderson School, as well as co-founder of Financial Access at Birth.
Deepak Jain is known for being the co-founder of FlexiLoans Technologies. Previously, he worked as the vice president of investment banking at Axis Capital Ltd.
Sadashiva NT is head of operations at Constellation Blu, a Blume Ventures company. He was previously the CFO and head of finance at babajob.com.
Leverage Edu plans to use the funds they have acquired to grow its team from nine to a higher number. It will also be investing money into product development needs and technology in artificial intelligence.