Sumeet Mehta, Co-founder & CEO, LEAD School: Proud moment for India
LEAD School, a major K-12 EdTech player, that transforms affordable private schools via its integrated system, has been named in the GSV EdTech 150, which recognizes the world’s leading, most transformational education technology companies. The Indian EdTech company has been chosen at the ASU+GSV Summit held in the US. The ASU+GSV Summit has collaboratively been run by the Arizona State University (ASU) and Global Silicon Valley (GSV).
LEAD School was chosen from among 2,000 venture capital and private equity-backed private companies across several evaluation factors: revenue scale, revenue growth, user reach, geographic diversification, and margins profile. The ASU+GSV Summit estimates that these 150 companies together reach approximately 3 billion people — close to half of the global population – and generate approximately $20 billion in revenue.
Sumeet Mehta, Co-founder & CEO, LEAD School, said, “We’re delighted to be recognized in GSV EdTech 150. We are the only school focused EdTech company in this list from India. It re-affirms our belief that unless we transform our schools, education in India cannot be transformed. Over 260 million students go to schools in India and spend 6 hours every day but learning outcomes remain poor. LEAD offers an Integrated School System that significantly improves the performance of schools and helps students succeed not just in year-end exams, but eventual jobs and careers. The GSV EdTech 150 strengthens our resolve to serve 20 million students in the next five years”.
LEAD’s unique integrated system for schools has driven 3X growth in 2020 by helping schools deliver uninterrupted learning whether online, hybrid or in physical classrooms. The company currently caters to over 800k students across 2,000+ schools. Having reached this remarkable milestone, LEAD is well on its way to cater to 25,000 schools in the next five years with its mission of making excellent education accessible and affordable to every child in the country.
The GSV EdTech 150 list is evenly distributed between three major groups: K-12, life-long learning and higher education. The K-12 leads with 33 percent of the top 150 companies, with another 13 percent in blended K-12/Higher Education companies. Workforce learning and adult consumer learning together account for 37 percent, with higher education at 14 percent and early childhood at 3 percent.
Qaisar
