Apart from the investment of Rs 8.4 Crore, Leverage Edu will hire locals for its Lagos-headquartered operations
Study abroad platform Leverage Edu will invest Nigerian Naira 800 million (Rs 8.4 crore) into the Nigerian market to expand its operations within the African country, the company announced on Saturday.
The announcement comes as part of the 'Nigeria-India Digital Economy Dialogue' during the G20 Summit where founder and CEO of LeverageEdu Akshay Chaturvedi met Nigerian government officials and the Nigerian entrepreneurial community.
“We at Leverage Edu and Fly are excited about making more higher education options accessible to the Nigerian young and have them build diverse plus best-fit careers for themselves, "Chaturvedi, who was part of an Indian business delegation, said.
Global education testing and assessment organisation Educational Testing Service (ETS) led a new funding round in Leverage Edu in July this year.
Founded in April 2017 by Chaturvedi, the start-up has built a technology-led counseling platform that facilitates students from India, Nigeria, and other emerging countries access to best-matched higher education opportunities globally. The company is backed by a mix of globally renowned institutions and individual investors such as ETS Strategic Capital, Shorelight, Blume Ventures, Kaizenvest PE, DSP Mutual Fund, Tomorrow Capital, DSG Consumer Partners; family offices: of Flipkart-founder Binny Bansal, Mankind promoter Rajeev Juneja and individual operators like Vijay Shekhar Sharma amongst others.
The study-abroad platform plans to expand services into Europe and the US in the next two quarters
This was the third meeting of the engagement group, with the first two rounds taking place in Hyderabad in Telangana and Sikkim, Vaishnav added
The university SaaS solution enables universities to streamline and automate student recruitment processes, from application assessment to payment tracking to visa issuance
