Leverage Edu raises $22 mn in Series B funding at $120 mn valuation

Prominent individual investors like Morgan Stanley MD Hemant Gupta, CRED founder Kunal Shah, BookMyShow founder Ashish Hemrajani joined the funding round

Edtech start-up Leverage Edu has raised $22 million in its Series B round of financing that values the company at about $120 million.

The round saw participation from a consortium of funds, family offices and angels. These included Kaizenvest Private Equity, DSP Mutual Fund Group, Artha Ventures, UAE-based NB Ventures, and others.

Prominent individual investors like Morgan Stanley MD Hemant Gupta, CRED founder Kunal Shah, BookMyShow founder Ashish Hemrajani, True North Partner Haresh Chawla and Lenskart founder Peyush Bansal, among others also invest in the Series B funding.

Founded in April 2017 by Akshay Chaturvedi, LeverageEdu’s core business allows universities in the developed