Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

The Rise Fund, Elevar Equity back LEAD’s “school in a box” for low-income students in India

To stock its deal pipeline, TPG Growth’s The Rise Fund, the $2 billion impact fund from the private-equity giant, early on struck a partnership with Elevar to co-invest in some of the smaller firm’s deals. One of the first examples is a joint investment in LEAD, based in Mumbai, a provider of school-management services to schools serving low-income students in India.

LEAD’s ‘school-in-a-box’ helps affordable private schools in underprivileged communities with curriculum development, teacher training, administration and parent engagement. Founded in 2012, LEAD first partnered with schools in rural Maharashtra and Gujarat; it recently launched a partnership with public schools in Delhi.

A recent study revealed that Indian student’s performance in math and English comprehension has declined significantly in recent years. LEAD reports that across its network of schools, students’ English literacy showed 1.6 years of progress in a year, and class averages in math improved from 51% to 63%.

LEAD marks Rise Fund’s fifth investment, after last week’s investment in data management platform Dharma. The amount of the LEAD School investment was not disclosed.

You might also like...