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Foreignadmits Raises Rs 3.26 Crore In Funding From Unicorn India Ventures, Other Investors

May 10, 2022•about 3 years ago

Amount Raised

₹32.6 Million

Round Type

seed

Bengaluru

Description

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 Information

Company

Foreign Admits

Location

Bengaluru, Karnataka, India

About

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.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech