Family Office of Aloke and Suchitra Lohia has invested in Global Study Abroad Platform, Leverage, which includes LeverageEdu, Fly.finance & Fly Homes. The Lohia family are the largest shareholders in Indorama Ventures PCL, one of Thailand’s largest publicly listed companies. This investment underscores Leverage Edu’s commitment to expand to the Southeast Asia market and double down on its commitment to enable students from emerging economies to access the best quality education across the world.
“We are thrilled to be partners on this journey with Leverage Edu, a pioneer in Student Mobility. The family believes in supporting ventures that create positive societal impacts. Leverage Edu’s innovative approach resonates deeply with our values, and we are excited to contribute to their mission,” said Suchitra Lohia, Executive Director of Indorama Ventures, who spearheads the Family Office operations based out of Bangkok.
More than 40,000 students went abroad from Thailand to study overseas last year, showing a ~30% CAGR in outbound international student numbers. Moreover, none of the universities in Thailand are globally ranked which makes a foreign education even more lucrative for its ambitious population. Leverage Edu’s mission to enable the next 100,000 Thai students to study abroad will be fueled by this partnership.
Akshay Chaturvedi, Founder & CEO, Leverage Edu, Fly.finance and Fly Homes said, “Problems like lack of sufficient English language training will be our priority to solve in Thailand as we enter one of Southeast Asia’s most promising markets. We are looking to set up an office in Bangkok, where the family has a deep understanding of Thai ecosystem, can support us. This investment serves as a testament to the transformative work my colleagues have been doing, and the unique missionary approach with which we are dedicated to putting students first.”
About Indorama Ventures:
Indorama Ventures PCL is listed in Thailand and is the world’s largest producer of PET and recycled PET. It also has market leadership positions in polyester fibers and oxides derivatives. Majority-owned by the Lohia family, the journey started with humble beginnings in Thailand in lates 1980s. Over the last 35 years, the company has grown to become a global sustainable chemical company with operations spanning 35 countries and more than 26,000 employees. A pioneer in its industry, Indorama Ventures’ purpose is to grow its industry leadership in sustainability by reimagining chemistry together to create a better world.
About Leverage Edu:
Founded in April 2017 by Akshay Chaturvedi, LeverageEdu is a Global Study Abroad Platform that helps students from India, Nigeria & other emerging countries access best-matched higher education opportunities globally. It operates multiple products for students and universities, including Fly.finance, Fly Homes, Leverage IELTS, Leverage TOEFL, Univalley OS, and others. The company is backed by a mix of globally renowned institutions, well-respected family offices, and industry-leading operators. Among Institutions: ETS Strategic Capital, Shorelight, Blume Ventures, Kaizenvest PE, DSP Mutual Fund, Tomorrow Capital, DSG Consumer Partners; family offices: of Flipkart-founder Binny Bansal, Mankind promoter Rajeev Juneja, Capri Global, Indorama Ventures, Vicco, Singularity Ventures; & individual operators like Vijay Shekhar Sharma, Kunal Shah, Ashish Hemrajani, Peyush Bansal, Ankur Warikoo, Karan Khemka, Ash Lilani, Vishal Gondal & Amrish Rau amongst others. LeverageEdu enrolls over 6,000 students every month and offers personalized counseling, college application support, VISA, education loans, money transfer & accommodation.
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