Foreignadmits Raises Rs 3.26 Crore In Funding From Unicorn India Ventures, Other Investors
05/10/22, 7:11 AM
Location
bengaluru
Money raised
₹32.6 million
Round Type
seed
Bengaluru: Overseas study assistance startup ForeignAdmits has raised Rs 3.26 crore from Mumbai-based early-stage fund Unicorn India Ventures (UIV) and other investors like Bengaluru-based SEA Fund. Beerud Sheth, founder of Gupshup, Zishaan Hayath, founder of Toppr, and Keshab Panda, former chief executive officer of L&T Infotech also participated in the round.
Company Info
Location
bengaluru, karnataka, india
Additional Info
The startup helps students in applying for college applications digitally and undertakes post visa and pre-departure services such as education loans, forex, health insurance, credit cards, and bank accounts. The Company has also launched the Integrated Study Abroad Guidance Product which offers financial and career counseling, admission, and post-admission support. The company raised a seed round of Rs 3.5 crore from Unicorn India recently. , the company has grown 10X in the last 12 months across various business growth parameters. Currently, the platform sees 2 lakh monthly traffic organically, which is growing at 25% month-on-month. The platform presently has over 250 agent partners network. Founded in 2020 by IIT Bombay graduate Ashwini Jain and IIT Bhubaneshwar alumnus Nikhil Jain, ForeignAdmits is an end-to-end study abroad platform for students and agents that gives peer-to-peer mentoring by international graduates and alumni network.