[Funding alert] Leap raises $55M in Series C round led by Owl Ventures

Jump, the startup that empowers understudies to concentrate abroad through monetary and vocation help, has brought $55 million up in Series C round of subsidizing drove by Owl Ventures. 


The round additionally saw cooperation from Harvard Management Company, alongside returning financial backers Jungle Ventures and Sequoia Capital India. Following this round, this startup has aggregately raised more than $75 million. 


Jump said it will use this subsidizing round to stretch out its administrations to understudies across SE Asia and MENA districts. Additionally, it intends to expand its item portfolio where it intends to offer worldwide understudy Visa and protection items. 


"We have seen a phenomenal interest from understudies to move to another country this year as global boundaries open post-Covid. Our people group drove approach combined with an exhaustive item suite for all global understudy needs is genuinely separated. Of course we have seen dangerous development." 


As per Vaibhav, 1,000,000 or more understudies are relied upon to move to another country from this district in the following a year offering them a bigger market chance. 


Amit Patel, Managing Director, Owl Ventures, said, 


"Jump is on the direction to turn into the pre-prominent investigation abroad stage for understudies. The abroad instruction market is divided where there is no single one-stop arrangement. Jump is making an extensive stage that tends to these arrangement and financing needs for understudies." 


As indicated by the startup, it has 1,000,000 part local area of global investigation applicants in South Asia and has helped more than 60,000 understudies in their examination abroad excursion throughout the most recent year and a half. The administrations of this startup incorporate worldwide test planning, proficient confirmations directing, understudy loans, global understudy financial balances, unfamiliar money settlement, and worldwide profession direction. 


Jump fellow benefactor Arnav Kumar said, "We are building items at the crossing point of fintech and edtech for worldwide instruction. Over the most recent a year, we have recognized and filled key holes in the global understudies' excursion."


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