A split image showing the contrast between a bustling office and a shuttered storefront.
Edtech platform Leverage Edu is preparing for a potential IPO within the next 12-18 months, engaging with investment bankers to raise between ₹2,000 Cr and ₹3,000 Cr. The company is targeting a valuation of $900 Mn (₹8,362 Cr). Bankers are drawing parallels with high-growth platforms like Zomato and ixigo, citing Leverage Edu’s diversified revenue streams through fintech services, accommodation, and travel insurance.
Leverage Edu reported a 112% YoY revenue increase to ₹375 Cr in FY26 and achieved EBITDA profitability. The platform added over 55,000 users, expanding its customer base to over 1.75 Lakh. Potential headwinds include tightening visa regulations and market volatility, which may affect its valuation and investor confidence.
In related news, Rebel Foods has shut down its quick delivery vertical, QuickiES, due to high cash burn. This closure aligns with similar moves by Swiggy and Zomato, who have also discontinued quick food delivery services. Sagar Kochhar, CEO of EatSure and head of QuickiES, exited the company late last year.
Additionally, boAt cofounder Aman Gupta’s new venture, OFF/BEAT, secured ₹100 Cr in seed funding led by Bessemer Venture Partners. KisaanSay, a direct-from-origin food brand, raised ₹34 Cr in Series A funding led by AgriSURE to scale its distribution. CureFit, preparing for its IPO, appointed four independent directors, including ex-JP Morgan executive Kalpana Morparia.
Ecoil, a clean energy startup, secured $2.5 Mn in Series A funding led by Fundalogical Ventures to expand its operations in converting waste cooking oil into biofuel. These investments reflect ongoing activity in India’s startup ecosystem, with venture capital firms maintaining interest in diverse sectors.
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