ForeignAdmits raises Rs 3.45 Cr in seed round
Foreignadmits, a startup offering personalized study abroad guidance, announced that it has raised Rs 3.5 crore in a seed round led by Unicorn India Ventures.
RiDiK Technology from Singapore, Manoranjan Mohapatra, Kumar Siddhartha (CEO, Greytrix), Chandra Shekhar Sharma (HoD, Physics, Reliable Institute, Kota; a division of Allen), Sudhanshu Mishra, Sagar Gandhi, and Mayank Sharma (India Head of Prodigy Finance) also participated in the round.
Founded in 2020 by Nikhil Jain and Ashwini Jain, Bengaluru-based ForeignAdmits is a data-driven platform offering genuine study abroad guidance to candidates using a data-backed counseling process and peer-to-peer mentorship by international graduates and alumni networks.
Currently, it has operations in six cities, including Mumbai, Pune, Bengaluru, Hyderabad, and Kolkata.
Commenting on the investment, Anil Joshi, Managing Partner, Unicorn India Ventures, said, “Higher education in India is more focused now; it’s producing disciplinary experts and has grown in a remarkable way. The Gross Enrolment Ratio in higher education has been significantly improving every year. With this thought, we have led the round in ForeignAdmits as the education platform is process-focused and we have first-hand seen the impact it has made since its inception.”
Speaking about the funding, Nikhil Jain, Co-founder and CEO, ForeignAdmits, said, “We want to transform and disrupt the $90 billion global higher education industry by creating the largest online student community to make studying abroad accessible and affordable to all high potential students. Our mission is to enable 100 million students in India with quality mentorship to help choose a better career by providing a cutting-edge and comprehensive guidance platform for students aiming to pursue higher education in the best universities of the world.”
ForeignAdmits strives to guide more than 25,000 students in their foreign education cycle via tech-enabled counseling processes. It also intends to empower more than 500 counselors to help students with proper guidance through their admission counseling products.
ForeignAdmits seems to have positioned itself well in the market. I’m sure with the latest developments, the company will continue to flourish in its journey ahead. My best wishes to the team of ForeignAdmits.Shishir Gupta, Founder and CEO, StartupLanes
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