7 August : LEAD, announced its plans to foray into the low-fee school segment in India, propelling a new era of educational excellence in underserved schools across ‘Bharat’. LEAD's decision to expand into the low-fee school segment in India is underpinned by deep understanding and insights gained from over a decade of operations as India’s leading School Edtech, and its mission to serve 25 million+ students and 60k+ schools by 2028. With this strategic move, LEAD is now India’s fastest growing School Edtech company, and is well-positioned to serve all segments of schools, ranging from low-fee schools in Tier 3 - 4 towns and villages, to medium-fee and premier schools in its metros and large cities.
Earlier in 2023, LEAD completed its acquisition of the local K-12 learning business of Pearson India. With this acquisition, LEAD now has the largest portfolio of School Edtech products and services to better serve the learning needs of the entire spectrum of 5 lakh+ private schools in India.
Sumeet Mehta, Co-founder and CEO, LEAD, said, "Survey after survey has said that Indian schools are mostly low-fee schools who can't afford expensive, innovative solutions. So, we've got to design solutions for the low-fee schools so that every child can access an excellent education. With this latest innovation, LEAD now has a solution that will serve the needs of over 1 lakh schools in India.”
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