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DailyMirrror.News,Hydeabad 21st August 2024:School Edtech major LEAD Group today announced its FY‘24 results with continued revenue growth and continued reduction in cash burn to be on track for profitability in FY’25. At a time when most Edtechs are struggling with dwindling growth and poor results, LEAD Group clocked Rs. 370 Cr. revenue in FY’24, a 25% growth over FY’23. Continuing its path towards profitability, the company announced that it has achieved EBITDA positivity in Q1 FY’25 and is on track to achieve EBITDA break-even for the full fiscal year 2024 – 25. With this strong financial foundation, LEAD Group is now India’s only School Edtech working with 8000 schools.
Over the last year, LEAD Group has expanded its capabilities to serve the entire spectrum of schools in India, from high-fee schools to affordable schools. LEAD Group’s growth has been fueled by strong demand for NCF-aligned, technology-driven, integrated solutions across school segments, reflecting the strategic actions these institutions are taking to excel in educational innovation and stay ahead of the curve.
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 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 critical to shaping India’s future. India’s schools sector is poised for rapid evolution and digitization, underpinned by government initiatives and policies that recommend the integration of technology and multimodal education; growing exposure to global education best practices; and rising demand for high quality offline education in Tier 2+ geographies.
