Ed-tech unicorn LEAD Group eyes IPO within 2-3 years: Smita Deorah

The GSV Ventures- and Westbridge Capital-backed firm became a unicorn in 2022 and is now valued at $1.14 billion. The company currently services more than 8K schools and plans to add 3-4K schools

Home-grown school ed-tech unicorn LEAD Group is eyeing a public listing within the next two to three years, co-founder and co-chief executive officer Smita Deorah told Business Standard.

 

“We are working towards achieving a certain Ebitda (earnings before interest, taxes, depreciation and amortization) margin level to give public markets confidence in the profitability of our model. We have to stay the course for another two to three years and then move towards an IPO,” she said.

 

Deorah said that given the market dynamics, the company will remain flexible. “We have spoken to a few advisers who understand the business well.