An online platform for higher education, Leverage has raised an undisclosed amount in seed funding from a bunch of investors, including Arjun Mehta, former CFO at American Express India; Kashyap Deorah, founder, Hypertrack; Sadashiva NT, a former chief financial officer of Babajobs and Anand Sankeshwar, Managing Director, VRL Logistics.
The company plans to utilize freshly infused funds towards its product development and to grow its team size.
The startup was founded in April 2017 by Akshay Chaturvedi who was the alumnus of Indian School of Business along with and Rajiv Ganjoo. Prior venturing into the startup world, Chaturvedi used to work with Babajobs as a senior executive.
Being headquartered in Delhi, the startup that operates in the higher education space runs a career assessment and mentorship programme. Leverage states that it matches students with over 2,500 colleges outside India through its panel of 100-plus experts. If we talk about the technology, the firm uses machine learning to help students build academic profiles, including writing papers and filing for patents for the selection process. Not only this, Leverage offers UnivGateway, a Saas-based tool to universities to help them admit the right students.
Earlier in July 2017, Gamified edtech startup PlayAblo had secured $600k funding led by ABI-Showatech (India) Ltd. In the same month, Thinkerbell Labs, which builds literacy devices for the visually impaired had raised an angel investment of Rs 1.3 Crore from Indian Angel Network and Anand Mahindra.