Edtech unicorn LEAD Group has roped in Arvind Singhal and Arpit Jain in the capacities of chief growth officer and chief financial officer, respectively.
The company said that by strengthening the leadership team, it aims to work on the goal of providing high-quality, integrated digital learning solutions to over 60,000 schools across India by 2028.
In his new role, Singhal will provide comprehensive direction to develop and implement LEAD’s growth strategy to serve more schools and students across India.
Prior to that, he worked with several companies across different industries, including D2C, edtech, FMCG and telecom, among others. He served the likes of Vendantu, BlackBuck, BlueStone, Ola and Asian Paints, among others.
His expertise spans across sales, marketing, product management, strategy, consumer and business insights, operations and overall business P&L.
Meanwhile, Jain will spearhead the finance and legal functions of the group, in the new role. Prior to that, he worked with Marico and ITC, where he led digital business, and mergers and acquisitions.
Lead Group’s cofounder and CEO Sumeet Mehta said, “Together, Arvind and Arpit bring decades of valuable experience and proven track record in financial and operational success; scaling businesses; serving customers; and building high-performance teams.”
In the respective new roles, Singhal and Jain will provide strategic direction to accelerate the adoption of digital learning solutions across India, furthering the company’s vision of enabling affordable and excellent learning for every child, he added.
Singhal said that basic and right education is the fundamental for India’s goal to become a developed country by 2047. “I look forward to driving the charter to propel LEAD and school edtech in India to new heights,” he added.
The company aims to expand into new geographies by partnering with new schools, and by boosting further growth of its current partnerships.
LEAD Group was founded in 2012 by Sumeet Mehta and Smita Deorah, with the mission to transform school education in India. The company claims to offer an integrated system of teaching and learning which has improved student learning outcomes and teacher performance in over 9000 schools across India.
The company reported an 18.5% decline in net loss to INR 321.9 Cr in FY23 from INR 395.3 Cr in FY22.
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