India, July 8 -- Study abroad startup Leverage Edu has entered the South American market with the acquisition of Brazil-based international education company Mundus Agency, sources told Inc42.

Leverage Edu confirmed the acquisition to Inc42, saying that Mundus Agency helps students pursue higher education opportunities abroad. However, it did not disclose the financial details of the deal.

Prior to the acquisition, Leverage Edu had a presence across South Asia, Africa and the Middle East. India currently accounts for 50-55% of the startup's revenue, followed by Africa at 25%, while South Asia and the Middle East contribute about 10% each.

The acquisition marks Leverage Edu's first international buyout as it looks to expand its global f...