Edtech unicorn Lead Group posted a 25% growth in revenue at Rs 370 crore for the financial year ending March,31March2024. The company asked to delivered EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) positive in the first quarter of FY25 and remains firmly on track to deliver annual EBITDA break-even during fiscal 2024-25. Lead Group managed an operating revenue of Rs 273 crore in the last fiscal year, FY23.
This growth is largely due to growing interest in technology-led holistic solutions aligning with the National Curriculum Framework (NCF) for different school segments. Commenting on the content and their approach, the leadership of this Company believes that they have owed much time to get where it is today leveraging a highly focused commitment towards transforming classroom learning through NCERT 2023 directives. They are stepping on the gas to drive large-scale school transformation using a researched blend of pedagogy, EdTech and School Operating Systems.
Founded in 2011 and headquartered in Mumbai, Lead Group has presence across India through its association with over 8000 schools. Through their Integrated School Edtech System, the solution is present in more than 400 towns and cities around India impacting over 3.5M students with more than 50K teachers using it on daily basis. Punya Publishing, the parent company of LEAD School was founded in 2012 by Sumeet Mehta and featured on a mission to deliver tech-enabled solutions that promote digital learning through online or hybrid classroom models (combination of physical elements with digital intervention).
The acquisition of K-12 India business from a British educational services company in January last year had also strengthened Lead Group’s position the market. The acquisition is indicative of a wider trend in the Indian edtech sector, with over a dozen startups having been acquired last year due to difficult funding conditions for smaller firms and resulting industry consolidation
The January 2022 funding appeared to push Lead Group into unicorn status, as the company’s valuation topped $1 billion. Their goal — by January 24, the group is committed to doubling their reach and deliver high quality, integrated school edtech solutions in national level agar more than 60k schools by calendar year-end of 2028.