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Although India has lagged behind China since both countries opened up to the world in the 1980s, the Indian government is now taking steps to finally challenge its biggest economic competitor.
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Saritha Rai
Outleap Technologies Pvt., a startup that helps Indians study abroad, raised $75 million at a valuation of almost $1 billion as demand for overseas learning returns following the pandemic.
Owl Ventures led the round, with Steadview Capital and Paramark Ventures as well as existing investors Jungle Ventures and Sequoia Capital India participating, the company, known by its brand name Leap, said Wednesday in a statement. Its valuation has doubled since a September fundraising and is nearing $1 billion, co-founder Vaibhav Singh, 37, said in a video interview.
