Founded in 2012 by Sumeet Mehta and Smita Deorah, Lead School has established itself as one of India's fastest-growing edtech companies focused on transforming affordable private schools and improving learning outcomes. The company offers an integrated system combining curriculum, technology, and teacher training to deliver consistent and measurable results. Over the past decade, Lead School has expanded its reach across India, empowering thousands of schools and millions of students with innovative solutions tailored to local needs. Despite facing challenges in the edtech landscape, Lead School has maintained its commitment to equitable access and quality education. Its unique hybrid approach, combining online and offline methods, positions it distinctively among edtech players. With substantial funding and an expanding team, Lead School aims to deepen its market penetration and further invest in technology and content, strengthening its mission to democratize excellent learning for every child in India.
Founded | 2012 |
---|---|
Headquarters | Mumbai, India |
Valuation | ~$1.1 billion (2022) |
Annual Revenue (FY24 est.) | ₹161 Cr |
Net Loss (FY24 est.) | ₹522 Cr |
Employees | ~1,400 |
Round | Year | Amount | Lead Investors |
---|---|---|---|
Series A | 2017 | $2 million | Elevar Equity |
Series B | 2018 | $10 million | Elevar Equity |
Series C | 2020 | $28 million | WestBridge Capital, Elevar Equity |
Series D | 2022 | $100 million | GSV Ventures, WestBridge Capital |
Lead School has steadily grown its revenue from ₹101 Cr in FY22 to an estimated ₹161 Cr in FY24, reflecting its commitment to scaling operations despite continued losses.
Despite large losses, EBITDA margin has shown slight improvement as operational efficiencies start to emerge, moving from -160% to -180% over three years.
Lead School has expanded its workforce from around 1,000 in FY22 to approximately 1,400 in FY24, reflecting its focus on content creation and technological support services.
Lead School plans to deepen its reach across tier 2 and tier 3 cities, invest in advanced learning technologies, and explore international collaborations. An IPO could be considered as part of its long-term roadmap.
Recently, Lead School has launched new digital learning programs and expanded partnerships with state-level educational bodies, emphasizing its mission to transform school education at scale.
Metric | Detail |
---|---|
Revenue FY24 | ₹161 Cr (+19% YoY) – Continued growth despite market challenges. |
Net Loss FY24 | ₹522 Cr – Sustained losses due to heavy investments in growth and technology. |
EBITDA Margin | -180% – Improving slightly, reflecting early operational efficiencies. |
Valuation | $1.1 billion – Maintained unicorn status through investor confidence. |
Employee Count | 1,400 (+17% YoY) – Strengthened team to support scale and innovation. |
Lead School’s mission-driven approach and strong technology focus position it as a critical enabler in India’s K-12 education space. Its consistent revenue growth and deep market penetration highlight its potential for long-term impact. Make smarter business decisions with verified insights on companies and directors. Visit Affluense.ai to learn more.
Entrackr, Business Standard, Economic Times, Crunchbase.
Disclaimer: The information presented in this report is intended for general informational purposes only and does not constitute investment advice. All financial data is based on public sources and estimates where necessary.