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Overseas education platform Leap raises $17 million in round led by Jungle Ventures


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Bengaluru: Leap, India’s leading overseas education platform, which runs www.leapfinance.com and www.leapscholar.com, has raised a $17 million (INR 120 crores) Series B in a new round of equity financing. The round was led by Singapore-based Jungle Ventures, with participation from Sequoia Capital India and Owl Ventures – the world’s largest ed-tech focussed VC fund. This comes in less than a year after Leap raised $5.5 million led by Sequoia Capital India, taking the total capital raised by the startup to $22.5 million.
Leap is building a one-stop platform for study abroad aspirants and international students.
It will use the new capital to expand its product portfolio. It plans to further, strengthen its team across technology & business functions, expand geographically and grow its student communities aggressively. The company will also establish global offices for institutional partnerships and other business functions. ....

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VC funding up, Google's app fees down


VC funding up, Google s app fees down
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Last Updated: Mar 17, 2021, 07:55 AM IST
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Synopsis
In today s ETtech Morning Dispatch: India’s draft e-commerce policy; explained in two minutes; A clubhouse chat with Deepinder Goyal whose Zomato is lining up an IPO; and Google Play halves commission on first $1 million.
ETtech
Good morning,
Last year, India s GDP contracted by a massive 23.9% between April and June. Venture capital (VC) funding, however, seemed more or less immune to the virus, according to a report by Bain & Co.
Also in today’s letter:
A clubhouse chat with Zomato’s Deepinder Goyal
Google halves Play store commission ....

Deepinder Goyal , Zomato Deepinder Goyal , Aaron Levie , Vijay Shekhar Sharma , Ministry Of Electronics , India Growth Fund , Bain Co , Standing Group Of Secretaries , Department For Promotion Of Industry , Tata Consultancy Services Ltd , Google Play Store Billing , India Venture Fund , Competition Commission Of India , Sequoia Capital , Central Consumer Protection Authority , Elevation Capital , Falcon Edge , Lightspeed Venture Partners , India Post , Standing Group , Internal Trade , Last Friday , Singapore Based Jungle Ventures , Koji Capital , Eight Roads , F Prime Capital ,

Jungle Ventures, Sequoia back overseas edtech startup Leap in $17-mn round


Overseas education startup Leap, which is building a suite of products and services for students to study abroad, has raised $17 million in Series B round of funding led by Singapore-based Jungle Ventures, with participation from Sequoia Capital India and Owl Ventures. This comes in less than a year after Leap raised $5.5 million led by Sequoia Capital India, taking the total capital raised by the startup to $22.5 million.
The Silicon Valley-headquartered startup will use the new capital to expand its product portfolio. It plans to further strengthen its team across technology and business functions, expand geographically and grow its student communities aggressively. The company will also establish global offices for institutional partnerships and other business functions. ....

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