Edtech unicorn LEAD Group targets profitability by Q1FY28

Edtech unicorn LEAD Group is hoping to turn profitable in FY27 r early FY28 as it doubles the pace of revenue growth to about 20%. The firm is planning an IPO by FY28-FY29, though the timeline isn’t a strict one.“ If the business can achieve close to 20% growth in FY27 and continue to improve EBITDA, then we should be in a much stronger position to evaluate the public markets in FY28-FY29,” Mehta said. LEAD Group’s last institutional fundraise was in January 2022, when it closed its Series E round led by WestBridge Capital and GSV Ventures, valuing the company at $1.1 billion.