Leverage Raises Funds, Eyes Southeast Asia Market
Leverage – a global study abroad platform which includes LeverageEdu, Fly.finance, and Fly Homes has raised an undisclosed amount of funding from Thailand’s largest publicly listed company, Family Office of Aloke and Suchitra Lohia.
According to the official statement, the proceeds from this funding will assist Leverage Edu to expand to the Southeast Asia market and double down on its commitment to enable students from emerging economies to access the best quality education across the world.
“Problems like lack of sufficient English language training will be our priority to solve in Thailand as we enter one of Southeast Asia's most promising markets. We are looking to set up an office in Bangkok, where the family has a deep understanding of the Thai ecosystem, and can support us. This investment serves as a testament to the transformative work my colleagues have been doing, and the unique missionary approach with which we are dedicated to putting students first,” said Akshay Chaturvedi, Founder and CEO, Leverage.
Meanwhile, Suchitra Lohia, Executive Director, Indorama Ventures, who spearheads the Family Office said, “We are thrilled to be partners on this journey with Leverage Edu, a pioneer in Student Mobility. The family believes in supporting ventures that create positive societal impacts. Leverage Edu’s innovative approach resonates deeply with our values, and we are excited to contribute to their mission.”
As per the company, the funding will enable the start-up to leverage synergies and deep networks of the Lohia couple, who are the majority shareholders in Indorama Ventures. Also, the platform's to enable the next 1,00,000 Thai students to study abroad which is expected to be fueled by this Partnership.
It added that more than 40,000 students went abroad from Thailand to study overseas last year, showing a 30 per cent CAGR in outbound international student numbers. Moreover, none of the universities in Thailand is globally ranked which makes a foreign education even more lucrative for its ambitious population.