Overseas education company Leap raises Rs 400 cr in Series C funding

Leap, one of South Asia’s largest overseas education companies, which runs LeapFinance and LeapScholar, has raised $55 million (Rs 400 crore) in Series C funding led by Owl Ventures.

The round also saw participation from Harvard Management Company, Inc, along with returning investors Jungle Ventures and Sequoia Capital India. The round comes less than 6 months after Leap raised its Series B which was led by Jungle Ventures, bringing the total equity capital raised by the startup to date, over $75 million.

Leap will utilise the new capital infusion for multi-dimensional growth. The company intends to extend its service suite to students across Southeast Asia and MENA (the Middle East and North Africa)