Akshay Chaturvedi, Founder & CEO, Leverage Edu, Fly.finance& Fly Homes (left) with Suchitra Lohia, Executive Director, Indorama Ventures (right)
FamilyOfficeof 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.”