Foreign study co Leap raises $75 mn in Series D, total funding tops $150 mn

Round led by Owl Ventures with participation from Steadview Capital and Paramark Ventures, and existing investors Jungle Ventures and Sequoia

Overseas education company Leap has raised $75 million (Rs 585 crore) in Series D funding led by Owl Ventures. The round saw participation from new investors Steadview Capital and Paramark Ventures along with existing investors Jungle Ventures and Sequoia Capital India. The startup has now raised over $150  million in equity since it was founded in 2019.

The funding comes at a time when the falling valuations, slowing funding rounds and faltering investor sentiments, have prompted many start-ups, especially in the edtech sector, to lay off employees in a bid to conserve cash.

Leap, which runs LeapScholar, LeapFinance, and Yocket,