Archive · 16 Sep 2026
LEAD Group Targets Profitability by Q1 FY28, Eyes IPO
LEAD Group is an education technology company that works with schools.
It wants to start making a profit by FY27 or early FY28.
The company hopes to grow its revenue by about 20% in FY27.
Its revenue was Rs 387 crore in FY26, while its EBITDA increased to about Rs 30 crore.
LEAD Group may consider selling shares to the public in FY28-FY29.
It is also investing in artificial intelligence for classrooms.
One product, Techbook, gives students more personalized learning.
Another program, Ms Curie's Fluento, helps students learn spoken English.
The company is testing an AI assistant to help teachers give students faster feedback.
LEAD Group aims to become profitable in FY27 or early FY28 as revenue growth approaches 20%.
The company reported Rs 387 crore in FY26 operating revenue, up 10% from FY25.
LEAD Group's EBITDA rose about sevenfold to approximately Rs 30 crore in FY26.
The company plans to evaluate an IPO in FY28-FY29 if growth and EBITDA continue improving.
LEAD Group is investing in AI products, including Techbook, Fluento and an AI teaching assistant.
- Who
- LEAD Group, led by co-founder and CEO Sumeet Mehta.
- What
- The edtech company is targeting profitability and considering an IPO while expanding its AI products.
- When
- Profitability is targeted for FY27 or early FY28; an IPO may be evaluated in FY28-FY29.
- Where
- The company's AI products are being used in partner schools, including 65 schools for Fluento.
- Why
- LEAD Group is pursuing profitable growth, improving learning outcomes and investing in AI and product research.
- FY26 revenue
- Rs 387 crore from operations, up 10% from FY25
- FY26 EBITDA
- Approximately Rs 30 crore, about seven times FY25
- Profitability target
- FY27 or early FY28
- Potential IPO window
- FY28-FY29, subject to improved growth and EBITDA
- Latest institutional fundraise
- Series E in January 2022, led by WestBridge Capital and GSV Ventures
- Last reported valuation
- $1.1 billion in the January 2022 funding round
- AI investment
- Rs 21 crore for product research and development and AI solutions