Leverage.biz is an Edtech startup offering a study abroad platform Leverage Edu, Fly Homes, and  Fly.Finance. The startup reported to have completed its second ESOP buyback exercise which  benefitted over 50 employees who signed up for this function of the startup. The amount of stock  buyback is still unknown.  

Innovated by Akshay Chaturvedi, this startup focuses on providing counseling, admission support, and  financing services to students who are studying abroad or want to pursue international education. The  platform focuses on students from India, Nepal, and Nigeria, among others. This startup helps students to figure out the areas of their interests to realize their full potential. The platform offers personalized  mentors and counselors according to the needs of students. The interactive tutoring platform allows  students to learn and clear doubts in real time.  

The company previously secured $40 million in its debt and equity round led by Educational Testing  Service. Leverage.biz has raised a total of $70 million from all its rounds to date and has a valuation of  $140 million. The startup data intelligence platform, The Kredible mentioned Blume ventures as the largest stakeholder in the Leverage Edu with a 16.9% stake followed by DSG consumers Partners and  Tomorrow Capital.  

leverage.biz claims to have over 120 million users with 700+ university partners and more than 45,000  registered students. The platform offers the best solutions to its users by using advanced technologies. The company reported an increase in its operating revenue by 228% to Rs 69 crore in FY23, however, the losses also increased by 70% to Rs 103 crore for this fiscal year. The ESOP buyback saw an increase  and reached $802 million in 2023, it increased 4 times compared to $200 million in 2022. Some other  startups including MyGate, Meesho, Urban Company, Classplus, The Sleep Company, and Pocket FM  also completed their ESOP buyback exercise this year. 

Conclusion: 

Edtech startup, Leverage.biz reported to have completed its second ESOP buyback scheme. The  technology used by this startup is to provide personalized learning and counseling experiences. The  company uses cutting-edge technology to offer the best learning experience. The company claims to  offer the best solutions to its users by leveraging the new-age technologies. The startup reported to  have completed its second ESOP buyback exercise which benefitted over 50 employees who signed up  for this function of the startup.

The amount of stock buyback is still unknown. The company provides admission support, counseling, and financing services to students who are studying abroad or want to  pursue international education. The amount of stock buyback is still unknown. Blume Ventures is the largest stakeholder of Leverage Edu with a 16.9% stake followed by Tomorrow Capital and DSG consumers Partners. The startup has raised a total of $70 million from all its rounds to date and has a  valuation of $140 million. Leverage.biz uses various technologies to offer its users a variety of courses  and a seamless learning experience.