Leap close to profit, sales hop to $76m

Recent years have been brutal for edtech startups, especially those offering online courses. However, Indian startup Leap appears to be bucking the trend.

The company, which offers overseas college placement services, preparatory courses, and student loans via Leap Finance, has steadily grown its revenue and cut its losses, according to its latest audited filings in Singapore for the financial year ending in March 31, 2024.

The startup has raised about US$152 million to date from investors like Peak XV Partners, Jungle Ventures, and the Harvard Management Company.

For more insights into Leap, check out the rest of the charts below, which are updated every year.

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Leap makes the bulk of its money from student placement fees. Its second most important source of income is college loan fees. It charges interest rates that range from 7.49% to 12% a year.

The commission fees are paid to third-party counseling services for college placements.