ForeignAdmits raises Rs 3.26 crore in funding from Unicorn India Ventures, other investors

Bengaluru: Abroad research help startup ForeignAdmits has raised Rs 3.26 crore from Mumbai-based early-stage fund Unicorn India Ventures (UIV) and different traders like Bengaluru-based SEA Fund. Beerud Sheth, founding father of Gupshup, Zishaan Hayath, founding father of Toppr, and Keshab Panda, former chief govt officer of L&T Infotech additionally participated within the spherical.

ForeignAdmits plans to utilise the recent funding for enhancing its tech platform to supply a greater expertise to college students and companions together with furthering its ongoing enterprise growth efforts.

Based in 2020 by IIT Bombay graduate Ashwini Jain and IIT Bhubaneshwar alumnus Nikhil Jain, ForeignAdmits is an end-to-end research overseas platform for college students and brokers that provides peer-to-peer mentoring by worldwide graduates and alumni community.

The startup helps college students in making use of for school purposes digitally and undertakes submit visa and pre-departure providers equivalent to education loans, forex, health insurance, credit cards, and financial institution accounts. “College students particularly in Tier 2 and three cities do not get pleasure from publicity and steering when in comparison with their metro counterparts. That is true for nations throughout the World,” mentioned Jain, cofounder of ForeignAdmits.

A number of the well-known networks that ForeignAdmits works with are Columbia, Duke, CMU, Monash, College of Toronto, and ASU. The Firm has additionally launched the Built-in Examine Overseas Steerage Product which presents monetary and profession counseling, admission, and post-admission assist.

That is the second funding by UIV in International Admits. The corporate raised a seed spherical of Rs 3.5 crore from

India lately. The overall funding raised thus far is round $1 million.

As per ForeignAdmits’ ready assertion, the corporate has grown 10X within the final 12 months throughout varied enterprise progress parameters. At the moment, the platform sees 2 lakh month-to-month site visitors organically, which is rising at 25% month-on-month.

“Because the world opens up and college students search for increased schooling alternatives in high international universities, we wish to again the corporate because it goes full steam forward with overseas admission season,” mentioned Anil Joshi, managing companion, Unicorn India Ventures. The platform presently has over 250 agent companions community. ForeignAdmits with a workforce measurement of near 100 is at the moment serving college students in India and ten different nations and has over 35 college partnerships.

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