By Ettech Last Updated
Copyright indiatimes
Edtech unicorn Lead Group, which provides digital learning solutions to schools, has appointed Moiz Saif as its new chief financial officer and elevated Deepak Hariharan to the role of chief business officer.The Mumbai-based firm’s chief product officer Ajay Kashyap will also be the new chief technology officer, while Prasad Narasimha has been named the head of human resources.The company said the appointments are aimed at strengthening its leadership as it targets serving 10 million students, expanding to 25,000 schools, and preparing for a public listing by 2030.It currently works with more than 8,500 schools in India. Its Integrated School Edtech System is used across 400 towns and cities, reaching more than four million students and 60,000 teachers. “Our vision is bold, and meeting it demands exceptional leadership, clarity of purpose, and relentless focus on execution,” said Sumeet Mehta, cofounder and chief executive. The company has recorded an annual recurring revenue (ARR) of Rs 415 crore for the 2025-26 academic year, marking a 30% increase over the previous year.Founded in 2012 by Mehta and Smita Deorah, the edtech company provides tech-enabled solutions to schools with a focus on digital learning through an online or hybrid classroom model (both physical and digital).The company had reported flat operational revenues of Rs 351 crore for FY25 but managed to reduce its losses by 69%, driven by stronger school retention, reduced customer acquisition costs, and AI-led operational efficiencies. Its net loss fell to Rs 43 crore from Rs 140 crore in the previous year. Its expenses reduced 24% year-on-year to Rs 350 crore.The company raised $100 million in January 2022 which propelled it into the elite club of startup unicorns, or privately held companies with a valuation of at least $1 billion. It has raised a total of about $165 million to date.
