New Delhi, Aug. 19 -- WestBridge and GSV-backed edtech firm LEAD School is eyeing government schools as a new market for its Software-as-a-Service (SaaS) offerings, as the company looks to expand its total addressable market and revive growth momentum after achieving break-even at the Ebitda level.

The move marks a shift for the Mumbai-based company, which has so far focused on private schools. While profitability has improved due to cost rationalization, revenue growth has plateaued, prompting the firm to widen its customer base.

Sumeet Mehta, LEAD's cofounder and chief executive, told Mint the company is open to inorganic expansion to enter the segment. "There is considerable spending in government schools, but these are not yielding ...