CDC  commits  $10 million to  Chiratae

Bengaluru: Education technology startup LEAD School, which helps private schools digitize their curriculum, has raised $28 million in a Series C funding round led by Westbridge Capital along with existing investor Elevar Equity. The latest round of funding will be used by the company to accelerate the development and roll out of new product offerings, increase its school network in Tier 2-3 cities and hire talent across domains. It started off as a full-fledged school focused on middle school students. Sumeet Mehta, co-founder and chief executive of LEAD School said that the firm’s partner schools have seen class averages improve from below 60% to above 70% after they adopted digitized curricula. “In the new world order, the lockdown ensuing the pandemic has given a massive boost to online education. In the last few months, the edtech sector has evolved rapidly, changing the trajectory of the Indian education system multifold. As a firm, we believe in investing in ventures that have a large scale impact and are convinced LEAD School will create a strong positive impact on the educational outcomes of millions of young minds”, said Sandeep Singhal, managing director, WestBridge Capital.