Acquisition · Education & Skilling

Leverage Edu buys Brazil's Mundus Agency, plans IPO

What they do

Leverage Edu helps students apply to universities abroad

It acquired Brazil-based Mundus Agency for an undisclosed sum, entering South America

The company is preparing for an IPO in India with a target valuation over $900 Mn

Leverage Edu acquired Mundus Agency, a Brazil-based company that helps students pursue higher education abroad.
This is Leverage Edu's first international buyout.
Financial details of the acquisition were not disclosed.
Before this deal, Leverage Edu operated in South Asia, Africa, and the Middle East.
The company plans aggressive acquisitions in both domestic and overseas markets.
Leverage Edu is also preparing for an IPO in India.
It has started discussions with investment bankers for a public listing next year.
The IPO size is expected to be ₹2,000-3,000 Cr, including a fresh issue and an offer for sale (OFS).

Brazil is one of the fastest-growing outbound student markets.
Nearly 90,000 Brazilian students study overseas annually, up about 50% since 2017.
Brazil's overseas diaspora includes nearly 50 lakh people (students, skilled professionals, healthcare workers).
Bankers are positioning Leverage Edu alongside Zomato and ixigo for valuation multiples.

Leverage Edu is a platform that helps students apply to and study at universities abroad.
It generates 50-55% of its revenue from India, 25% from Africa, and about 10% each from South Asia and the Middle East.
Its horizontal stack includes fintech, accommodation, travel, and career support, contributing 25-33% of total revenue.
In FY26, the company added over 55,000 students, bringing its total customer base to over 1.75 lakh.
It is EBITDA profitable in FY26.
Operating revenue was ₹375 Cr in FY26, up 112% from ₹173 Cr in FY25.

Leverage Edu plans aggressive acquisitions in domestic and overseas markets.
It is preparing for an IPO in India next year, with an expected size of ₹2,000-3,000 Cr.