Exclusive: Leverage Edu Forays Into South America With Acquisition Of Mundus Agency
LeverageAcquirer
Leverage Edu, an Indian study‑abroad SaaS startup, announced the acquisition of Brazil‑based Mundus Agency on July 8, 2026, marking its first international buyout as it prepares for a $900 M‑plus IPO.
Leverage Edu has acquired Brazil‑based Mundus Agency, its first overseas purchase, as the Indian study‑abroad SaaS platform expands into South America. The deal, disclosed on July 8, 2026, comes as Leverage Edu reported FY26 revenue of ₹375 Cr, a 112% year‑over‑year increase, and turned EBITDA‑positive.
Deal Terms
The financial details of the transaction were not disclosed. Mundus Agency, which helps Brazilian students secure higher‑education placements abroad, will operate under Leverage Edu’s existing brand architecture. The acquisition adds a foothold in Brazil, a market that now sends roughly 90,000 students overseas each year – a 50% rise since 2017.
Strategic Rationale
Leverage Edu already serves South Asia, Africa and the Middle East, with India contributing 50‑55% of its revenue and Africa 25%. Brazil’s burgeoning outbound student market and a diaspora of nearly five million people present a sizable new addressable pool for the company’s fintech, accommodation, travel and career‑support stack. By integrating Mundus Agency’s local expertise, Leverage Edu can cross‑sell its horizontal services and accelerate revenue diversification beyond its traditional regions.
Financially, the startup’s FY26 operating revenue surged to ₹375 Cr from ₹173 Cr in FY25, while its horizontal stack now accounts for 25‑33% of total revenue. Leverage Edu has raised about $73 M from investors including Blume Ventures, DSG Consumer Partners and Kaizenvest, and is in active discussions with investment bankers about an IPO that could value the company at over $900 M.
Looking ahead, Leverage Edu says it will pursue further acquisitions both domestically and abroad to deepen its platform capabilities and capture more of the global study‑abroad workflow. The Brazil entry positions the company to tap a fast‑growing outbound market just as it readies a public listing, potentially giving it a first‑mover edge among Indian edtech platforms expanding internationally.
Why It Matters
For Leverage Edu, the Mundus acquisition accelerates its push into a high‑growth outbound student market, giving it immediate local market knowledge and a pipeline for cross‑selling its fintech and travel services. Competitors that remain regionally focused may find it harder to match the breadth of Leverage Edu’s integrated stack, especially as the company leverages the new base to drive higher‑margin expansion revenue.
The deal also forces other edtech platforms targeting international education—such as Yocket and Edwise—to consider similar cross‑border moves or strategic partnerships to stay competitive. Integration risk is a factor, but successful rollout could widen Leverage Edu’s net‑revenue retention and improve its gross margin profile ahead of the IPO, reshaping the competitive dynamics in the global study‑abroad SaaS niche.
Key Points
- Leverage Edu acquired Brazil‑based Mundus Agency, its first international buyout
- Financial terms of the transaction were not disclosed
- The acquisition gives Leverage Edu a foothold in a market with ~90,000 outbound Brazilian students annually
- Leverage Edu posted FY26 revenue of ₹375 Cr, a 112% YoY increase, and turned EBITDA‑positive
- The startup is preparing for an Indian IPO targeting a valuation above $900 M
Analysis
Leverage Edu’s Brazil entry arrives as edtech platforms increasingly pursue cross‑border consolidation to capture higher‑margin, recurring revenue streams. By adding Mundus Agency, the company can embed its fintech, accommodation and career‑support modules into an already sizable outbound student pipeline, potentially lifting its net‑revenue retention above industry averages. Investors will likely benchmark the upcoming IPO against recent Indian platform listings such as Zomato and ixigo, where valuation multiples have hovered around 15‑20x ARR. If Leverage Edu can translate the Brazil acquisition into a measurable expansion of ARR and improve gross margins, the $900 M valuation target could be justified, even without disclosed deal multiples. The move also signals a broader trend: SaaS‑enabled education services are shifting from pure matchmaking to full‑stack, vertically integrated platforms, a shift that could attract deeper VC capital and set a new standard for growth‑stage edtech exits.