Leverage Edu, a leading study abroad platform that helps students from India, Nigeria, and Nepal get higher education opportunities overseas, has launched its student accommodation platform called ‘Fly Homes’ to revolutionize finding accommodation for students studying abroad, according to an official statement.
After a successful pilot launch in the United Kingdom (UK), the company claims that Fly Homes has achieved an impressive gross booking value of Rs 100 crore. Surpassing expectations, this milestone was accomplished within a mere six months of commencing the pilot programme, the statement further mentioned.
Speaking about the newly launched initiative, Founder & CEO of Leverage Edu, Akshay Chaturvedi, said:
We are committed to providing the best possible higher education and career services to Indian students abroad to study. We launched Fly Homes with the singular aim of providing end-to-end solutions to students. We want to ensure they have access to safe and comfortable accommodation, a part-time job to help with daily expenses and access to alums for guidance. That is why Fly Homes has achieved resounding success.
Fly Homes have also onboarded over 500 student bodies in their partner universities that help students get part-time jobs and internships. The company has plans to expand to other countries in Europe and the US in the next two quarters.
Leverage Edu was founded in April 2017 and provides full-stack services, including counselling, application-admission support, and financing to students pursuing international education. The platform helps students figure out what they should do and where they should be – wherever that be in the world – to realize their full potential. It also helps students navigate & assess their journey thus far, matches them to personalized mentors, counsels them towards their higher education dream with an employability lens, and ensures that everyone punches way above their weight to make dreams come alive and indeed be able to level up.
The startup is backed by institutions ETS, Shorelight, Blume Ventures, Kaizenvest PE, DSP Mutual Fund, Tomorrow Capital, DSG Consumer Partners, Trifecta Capital; family offices Mankind Pharma, Capri Global, Indorama Ventures, Vicco, Singularity Ventures; and individual operators like Binny Bansal, Vijay Shekhar Sharma, Kunal Shah, Ashish Hemrajani, Peyush Bansal, Ankur Warikoo, Karan Khemka, Ash Lilani, Vishal Gondal and Amrish Rau.
Leverage Edu enrols over 6000 students monthly, offering dedicated counselling, application support, college admissions, education loans, international money transfer and student accommodation. Last month, the firm raised $40 million in its Series C round led by Educational Testing Service (ETS), an educational testing and assessment organization.