Leverage EdTech, which owns and operates artificial intelligence-based ed-tech marketplace Leverage Edu, has raised about $1.3 million (Rs 9.2 crore) in its Pre-series A funding round, led by DSG Consumer Partners and Blume Ventures.

The startup will use the proceeds to further invest in product development, particularly in K-12 segment, growing its team and expansion into tier-2 cities, Leverage Edu founder Akshay Chaturvedi said.

"Over the last 12 months, we have grown from a college admissions platform to a full-stack career growth co mpany that helps students with mentorship and assessments, moves to high schoolers and college goers applying to undergraduate and postgraduate programmes, and goes right up to young professionals seeking high-end career advice from best-matched experts on our marketplace," Chaturvedi said.