| Founded | 2012 |
|---|---|
| Closed | 2022 |
| Country | India |
| Sector | Edtech |
| Total raised | $154M (WestBridge Capital, GGV Capital, 2012–2021) |
| Collapse type | Mass Layoff Spiral |
| Founder | Sumeet Mehta |
Lead School
"India's B2B school infrastructure platform raised $154M from WestBridge—then shed 800 employees in a single round as post-COVID school enrolment normalised."
Cascading layoffs that accelerated the decline
Key Events Timeline
Lead School was founded in Mumbai in 2012 (originally as Educational Initiatives) to provide affordable private schools in India with technology infrastructure: curriculum, teacher training, learning management systems, and student assessment tools.
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