DSG and Blume lead $1.3 Mn pre-Series A round in Leverage Edu

Leverage Edu, a marketplace designed to help students with their higher education and career growth plans, has raised $1.3 million in its pre-series A round of funding led by DSG Consumer Partners and Blume Ventures.

The Delhi-based edtech startup will deploy the fund towards product development, increasing headcount and expansion into tier II cities.

Led by Akshay Chaturvedi and Rajiv Ganjoo, Leverage Edu runs a career assessment and mentorship programme for college-going students. The startup uses AI tool to help students identify what program or college they are best suited for and then matches them to a Mentor.

Students can explore across 300,000 plus programs in thousands of colleges and universities across the world that include Harvard, Stanford, MIT and several others.

For universities, it offers UnivGateway, a Saas-based (software-as-a-service) tool to help them admit the right students.

It also helps students with exclusive scholarships, industry-best educational loans, help on housing, forex/VISA, and more, through multiple global partnerships.

Founded in April 2017, the startup had raised an undisclosed fund in November 2017 from Indifi Technologies co-founder Alok Mittal, Innov8 founder Ritesh Malik, Deepak Jain and California State University Professor Jim Schmidtke.

Prior to that, it raised seed funding from angel investors including Kashyap Deorah, and others.

The development was reported by ET.