Flipkart co-founder Binny Bansal invests $3.5 million in LeverageEdu

NEW DELHI:

Flipkart co-founder

Binny

Bansal

has invested $3.5 million (about Rs 29 crore) in edtech firm

LeverageEdu

, sources aware of the development said.
Bansal made the investment through his venture capital firm Three State Ventures at an enterprise valuation of $150 million.
The investment from Bansal was part of the $40 million funding round which LeverageEdu concluded recently.
BSE and NSE-listed NBFC Capri Global, existing investors Blume Ventures, DSG Consumer Partners and Kaizenvest PE also participated in the round.

LeverageEdu, which facilitates overseas education, closed the financial year 2023 with a revenue of about Rs 110 crore.