In FY23, the company reported operating revenue of Rs 273 crore.
The company attributes this growth to the strong demand for integrated, technology-driven solutions aligned with the National Curriculum Framework (NCF) across various school segments.
“Our strong results are due to our single-minded focus on enhancing classroom learning by implementing the guidelines of the National Curriculum Framework 2023… We will continue to drive school transformation at scale with our trinity of well-researched pedagogy, educational technology and school operating systems,” Mehta said.
The Mumbai-based company currently works with 8,000 schools in India. Lead Group
The Integrated School Education System is available in over 400 towns and cities, reaching over 35 lakh students and over 50,000 teachers.
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Founded in 2012 by Sumeet Mehta and Smita Deorah, the edtech company offers technology solutions to schools with a focus on digital learning through an online or hybrid classroom model (both physical and digital). In January last year, the platform acquired British education services company Pearson’s K-12 India business, which has also been divesting its K-12 businesses in other geographies.
Previously ET reported that More than a dozen Indian edtech startups have been acquired last year, highlighting a challenging financing environment for smaller companies and fueling a wave of consolidation across the stressed industry.
Lead Group raised $100 million in January 2022 which propelled it into the elite club of unicorn startups, or private companies with a valuation of $1 billion or more.
On January 24, ET reported that the The group seeks to accelerate its mission to provide high-quality, integrated school education solutions to more than 60,000 schools nationwide by 2028.
Over the past six months, Funding in India’s edtech sector has declined to $192.5 million.according to market intelligence platform Tracxn.
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