In the long term, the company plans to serve students in lower fee schools and expand internationally in similar geographies. In a statement, LEAD said that it plans to use the proceeds to achieve its vision of providing quality affordable education to 25 million+ students with an annual revenue run-rate of $1 billion. Founded by Sumeet Yashpal Mehta and Smita Deorah in 2012, LEAD claims to be combining technology, curriculum, and pedagogy into an integrated system of teaching and learning, thus improving student learning outcomes and teacher performance in schools across the country. LEAD said it has seen rapid adoption in the last 4 years and will enter academic year 22-23 with 5,000 schools across 500+ cities in India with an annual revenue run-rate of $80 million.