Leap, an overseas education startup based in San Francisco and Bengaluru, has secured $65 million (Rs 562.7 crore) in its Series E funding round led by Apis Partners’s funds—Apis Growth Markets Fund III and Apis Global Growth Fund III. The round, comprising primary and secondary deals, also saw participation from the existing investors, including Owl Ventures, Jungle Ventures and Peak XV Partners.
Founded in 2019 by Vaibhav Singh and Arnav Kumar, Leap operates platforms such as LeapScholar, LeapFinance, GeeBee and Yocket, offering services like test preparation (IELTS, TOEFL, SAT), admissions and visa counselling, and financial support through international student loans to aspirants who wish to study abroad. The company primarily caters to students aiming to study in the US, Canada, UK and Australia.
Commenting on the funding, Vaibhav Singh, Co-founder, Leap, stated, “Students love Leap’s one-stop approach to international education. Since our Series D round two years ago, we have experienced 5x growth. Leap is now a leading study abroad platform in India and is rapidly expanding globally, operating in over 10 countries. This investment from top-tier investors strengthens our commitment to make quality global education more accessible.”
With this latest funding, Leap’s total equity capital has reached $210 million, though the company has not disclosed its current valuation.
Arnav Kumar, Co-founder, Leap, mentioned, “We have introduced industry-first products and experiences to streamline the student journey. Our core mission is student success, and with AI advancements, we can enhance our offerings faster than ever.”
The startup integrates AI-driven tools with human expertise to provide personalised guidance and solutions for students. Expanding its presence in the Middle East and Southeast Asia, Leap has partnered with over 1,000 international universities.
Udayan Goyal, Co-founder and Managing Partner, Apis Partners, also said, “Leap’s impressive growth since its inception has helped thousands of students across 10 countries. We are excited to support its expansion and impact in the global education space.”
Previously, Leap raised $75 million in Series D funding in 2022, led by Owl Ventures, with plans to expand partnerships, enhance existing products and enter new markets. Before that, it secured $55 million in Series C funding from Owl Ventures, Harvard Management Company, Jungle Ventures and Sequoia Capital India, following a $17 million Series B round led by Jungle Ventures.
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