Flipkart co-founder Binny Bansal invests USD 3.5 million in ed-tech firm LeverageEdu
Flipkart co-founder Binny Bansal has invested USD 3.5 million (about Rs 29 crore) in edtech firm LeverageEdu, sources aware of the development said.
Flipkart co-founder Binny Bansal has invested USD 3.5 million (about Rs 29 crore) in edtech firm LeverageEdu, sources aware of the development said.
Bansal made the investment through his venture capital firm Three State Ventures at an enterprise valuation of USD 150 million.
The investment from Bansal was part of the USD 40 million funding round which LeverageEdu concluded recently.
BSE and NSE-listed NBFC Capri Global, existing investors Blume Ventures, DSG Consumer Partners and Kaizenvest PE also participated in the round.
LeverageEdu, which facilitates overseas education, closed the financial year 2023 with a revenue of about Rs 110 crore.
Catch the latest stock market updates here. For all other news related to business, politics, tech, sports, and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
08:15 PM IST