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Leap co-founders Vaibhav Singh and Arnav Kumar
Leap, a Bengaluru-based study abroad platform, has raised $65 million in a Series E funding round led by Apis Growth Markets Fund III and Apis Global Growth Fund III, for both of which Apis Partners Group (UK) Limited (Apis Partners) acts as portfolio manager.
The round—a mix of primary and secondary equity—also saw participation from existing backers Owl Ventures, Jungle Ventures and Peak XV Partners.
So far, the startup has raised over $200 million in funding.
What does Leap do?
Founded in 2019 by Vaibhav Singh and Arnav Kumar, Leap is a study abroad platform that offers end-to-end services for students pursuing international education and careers.
It provides counselling services, visa services, education loans, and other modern financial products and solutions tailored for international students.
"Students love Leap’s one-stop approach to their international education needs. We have witnessed 5x growth since our Series D two years ago. Today, Leap is not only the study abroad platform of choice in India but is fast establishing itself as a global leader with scaling operations in 10+ countries. Building for the world from India is something we are very proud of," Singh said.
Leap's market presence
Leap said that its platform’s unique approach combines human expertise with AI-powered tools to offer personalized guidance and solutions. The startup, which owns LeapScholar, LeapFinance, GeeBee and Yocket, claims to have a presence across 10 countries worldwide.
Notably, it has served over 1 million students and has partnerships with 1000+ leading educational institutions globally.
"We have launched many industry-first products and experiences to make the student journey seamless. Ensuring student success is why we exist, and the AI revolution we are seeing today will allow us to continue to deepen our existing offerings at a faster pace than ever before,” Kumar said.
Investors comment
Matteo Stefanel, Co-Founder and Managing Partner at Apis Partners, commented, “We are thrilled to partner with Leap and to support its transformative approach to global education. Leap is using technology to not only help students find and access the right educational opportunities but also equip them with the tools to succeed. As such, we believe Leap’s mission aligns closely with Apis’ commitment to driving financial inclusion.”
Amit Patel, Managing Director, Owl Ventures said, “Having funded close to $200m in student loans and secured partnerships with thousands of universities globally and counting, Leap is the de facto platform that students from around the world are relying on to help make their education study abroad dreams a reality. The pursuit of a global education is one of the biggest decisions students will make in their lifetime, and Leap has emerged as the trusted partner to provide comprehensive help as students navigate this incredibly complicated process.”
Yash Sankrityayan Managing Partner, SE Asia investments, Jungle Ventures said, “Leap has continued to scale profitably but more importantly, also expand regionally to prove that they are building for a global demand. Jungle Ventures is proud to invest behind the Leap team again and support them to continue to build the most trusted, end to-end, global education access company.”
Avendus Capital acted as the exclusive financial advisor to Leap and its shareholders on this transaction.