New Delhi: LEAD School, a major K-12 EdTech player, that transforms affordable private schools via its Integrated System, has been named to The GSV EdTech 150, which recognizes the world’s leading, most transformational education technology companies.
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.
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.
LEAD School Co-founder and CEO Sumeet Mehta said, “We are 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. 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.”
The GSV EdTech 150 list is evenly distributed between three major groups: K-12, Life-Long Learning and Higher Education. K-12 leads with 33% of the top 150 companies, with another 13% in blended K-12/Higher Education companies. Workforce Learning and Adult Consumer learning together account for 37%, with Higher Education at 14% and Early Childhood at 3%.
The LEAD School@Home programme – the largest online school was launched immediately post nationwide lockdown in March 2020. Ever since, over 8 lakh students in more than 20 states have been provided with uninterrupted learning through online classes.
LEAD also launched a Bridge Course early this year to help students transition to the next grade with prerequisite skills and a recap of core concepts to address any learning gaps experienced owing to school closures.