Mumbai, 22 August 2024 – School Edtech organisation LEAD Group has reported strong FY’24 results, showcasing continued revenue growth and a significant reduction in cash burn, keeping the company on track for profitability in FY’25. Amid a challenging environment for Edtechs facing slow growth and weak performance, LEAD Group recorded a revenue of ₹370 Cr. in FY’24, marking a 25% increase over FY’23. The company also announced achieving EBITDA positivity in Q1 FY’25 and is on course to reach EBITDA break-even for the full fiscal year 2024-25. With this robust financial performance, LEAD Group now stands as India’s only School Edtech partner to 8,000 schools.
In the past year, LEAD Group has broadened its capabilities to cater to the entire range of Indian schools, from premium institutions to affordable ones. The company’s growth has been driven by strong demand for NCF-aligned, tech-driven, integrated solutions across various school segments, highlighting the strategic measures these institutions are adopting to lead in educational innovation.
Sumeet Mehta, CEO and Co-Founder, LEAD Group, said, “I have always said that in education, Lakshmi follows Saraswati. Our strong results are due to our single-minded focus on improving classroom learning by implementing the guidelines of the National Curriculum Framework 2023. By empowering teachers and schools, we are focusing on solving fundamental challenges in Indian education. We will continue to drive large-scale school transformation with our trinity of well-researched pedagogy, education technology and school operating systems.”
Transforming schools is essential to securing India’s future, as the education sector plays a pivotal role in shaping the next generation. India’s school system is on the brink of significant evolution and digitisation, driven by a combination of government initiatives, forward-looking policies, and a growing emphasis on integrating technology with multimodal education. These changes are further supported by increasing exposure to global best practices in education, which are inspiring innovative approaches to teaching and learning across the country. Additionally, there is a rising demand for high-quality offline education, particularly in Tier 2 and smaller cities, where access to premium educational resources is becoming more critical. This confluence of factors positions India’s school sector for rapid growth and transformation, setting the stage for a future where education is both more accessible and more effective.
