Study abroad platform Leverage Edu is set to raise around Rs 200 crore (over $20 million) in a mix of equity and debt as part of its Series D round, according to sources familiar with the matter. The equity portion of the round is being led by Dubai-based Aditum Fund, while the debt financing is expected to come from IDFC FIRST Bank, sources said.

“The company is finalising a Rs 200 crore round comprising both primary equity and venture debt. The valuation is pegged at around $300 million,” said one source requesting anonymity. “Most of the documentation has been completed and the deal is expected to close soon.”

With this, Leverage Edu has raised nearly $90 million in funding to date, including a $40 million Series C round in July 2023 led by Blume Ventures and DSG Consumer Partners. The company was last valued at around $140 million, and the new round will more than double its valuation. The development also comes amid the company’s reported IPO ambitions. According to an Inc42 report published in April 2026, Leverage Edu is eyeing a public issue worth Rs 2,000–3,000 crore, comprising a mix of fresh issue and offer for sale (OFS).In FY26, the company claimed to have reported revenue of Rs 375 crore, a 112% year-on-year increase from Rs 173 crore in the previous fiscal year. As per the company, it also turned EBITDA-positive and generated cash during the year, aided by a global customer base of over 175,000 users.

The study-abroad and cross-border education segment has witnessed renewed investor interest amid rising outbound student mobility from India. Leverage Edu competes with platforms such as Leap, Yocket, and upGrad Abroad.

About Leverage Edu

Leverage Edu has been Founded in 2017 by Akshay Chaturvedi. Leverage Edu helps students with overseas admissions, education financing, visa services, and test preparation. The startup has expanded its presence across key study-abroad destinations, including the UK, the US, Canada, and Australia.