Tomorrow Capital leads INR 47 Cr Series A round in global education platform Leverage Edu, second investment in education space within a month after BeyondSkool<\/p>\n\n\n\n
Fund sets aside INR 200 Cr for new investments over next 12 months<\/p>\n\n\n\n
Tomorrow Capital, a Mumbai-based $100-million venture capital fund,led the INR 47 Cr Series A investment round in Leverage Ed-tech Private Limited, a start-upthat works to empower studentsacross India to findand access the best-matched higher education options globally, and caters to the width of their needs. This is the fund\u2019s second edtech investment in the last two months, based on their thesis of building large consumer brands in the education space.<\/p>\n\n\n\n
Talking about the current investment Rohini Prakash CEO, Tomorrow Capital said that, “We have always looked at the education space as one where large home-grown consumer brands will drive the market for the long term. We have been studying the space for a while nowand identified higher education and co-curricular support for K-12 as areas which present an opportunity to build highly scalablebrands. The pandemic-led, school-from-home situation has had a deep impact on the conventional brick and mortar forms of businesses and has enhanced the digital distribution and adoption of these services, which is a big enabler for scale\u201d.<\/p>\n\n\n\n
\u201cWe believe our partnership with Leverage Edu will help co-create a brand in global education as its highly scalable online model is uniquely placed to cater to a growing demand for a more globalized education experience. This segment has always been underserved with a lot of unorganized players ignoring the need to look at a student\u2019s journey holistically, which is where Leverage Edu is uniquely positioned to cater to a wide range of a student\u2019s needs\u201d, Rohini added.<\/p>\n\n\n\n
This second investment from Tomorrow Capital in Edtech comes in quick succession after the fund\u2019s USD 2 mn investment in BeyondSkool, a live, online co-curricular upskilling academy for kids that provides a global curriculum-based learning outcome irrespective of the school that the students attend.\u201cWe have been on the lookout for disruptive models in edtech inspiring \u2018real\u2019 education over traditional rote-learning systems. BeyondSkool is in an excellent position to inspire an overhaul of the same by making kids logically sound problemsolvers through applied forms of knowledge, all digitally enabled. These are the type of white-space opportunities we seek to back, supported by driven founders and our thesis in edtech”, Rohini mentioned. Tomorrow Capital is closely working with both the companies in the areas of building distribution and branding, which is part of the fund\u2019s core ideology to work closely with the founders to help them accelerate a great business by building a strong brand and deep distribution.<\/p>\n\n\n\n
Including the current investment, Tomorrow Capital has invested nearly INR 100 crores over the last three years in five early-stage start-ups. The other investments are in Bonito Designs, a design-centric, tech enabled home interior designand execution firm, and Multiliving Technologies,a home management platform that uses both human and artificial intelligenceproviding home-user services of managed assets, managed rental and managed lifestyle. Tomorrow Capital recently exited from ZenoHealth (previously Generico) \u2013 a pharmacy chain selling low-cost generic drugs, at an over 7x return in just 2 years.<\/p>\n\n\n\n
Tomorrow Capital has set aside another Rs 200 crores for a fresh round of investments over the next 12 months and is in the process of identifying new opportunities.Explaining the investment philosophy of Tomorrow Capital, Rohini Prakash, CEO said, \u201cTomorrow Capital focuses on helping consumer start-ups with long-term patient capital, thought-partnership, hands-on operational support, industry networks, and access to resources to achieve an exponential growth trajectory and a high leverage for success. We investselectively and are focused on ensuring that our investments provide more than just capital, by guiding and assisting the portfolio companyin every way to ensure success.”<\/p>\n\n\n\n
About Tomorrow Capital:<\/p>\n\n\n\n
Tomorrow Capital is a USD 100m early-stage investment fund focused on building India\u2019s next big consumer brands by providing more than just capital. The Tomorrow Capital team becomesan extension of the portfolio companies\u2019 founding teams and assists the entrepreneur in scaling the business rapidly through building a scalable organization, brand and distribution strategy. Tomorrow Capital provides access to blue-chip talent, industry networks, and resources for growth which enables entrepreneurs to drive the next wave of growth.<\/p>\n\n\n\n
The Tomorrow Capital team is comprised of seasoned professionals with experience in organization and brand building and has a strong track record of working with entrepreneurs to build stellar teams and rapidly scale up the businesses.<\/p>\n\n\n\n
Tomorrow Capital is backed by Abhinandan Lodha, who is also part of the fund\u2019s Investment Committee.<\/p>\n","protected":false},"excerpt":{"rendered":"