ForeignAdmits, an overseas study assistance startup, has raised Rs 3.26 crore from Mumbai-based early-stage fund Unicorn India Ventures (UIV) and other investors like Bengaluru-based SEA Fund.

The funding round also saw participation from Beerud Sheth (Founder of Gupshup), Zishaan Hayath (Founder of Toppr), and Keshab Panda (Former chief executive officer of L&T Infotech).

As per the startup, the raised funds will be utilised for enhancing its tech platform to provide a better experience to students and partners, along with furthering its ongoing business development efforts.

ForeignAdmits | Overseas Study Assistance Startup

Founded by IIT Bombay graduate Ashwini Jain and IIT BHU alumnus Nikhil Jain in 2020, ForeignAdmits is an end-to-end study abroad platform providing authentic & data-backed admission counselling for study abroad aspirants.

ForeignAdmits helps students in applying for college applications digitally and undertakes post visa and pre-departure services such as education loans, forex, credit cards, health insurance, and bank accounts.

Speaking about the development, Anil Joshi, managing partner, Unicorn India Ventures, said,

“As the world opens up and students look for higher education opportunities in top global universities, we want to back the company as it goes full steam ahead with foreign admission season.”

The startup is powered by AI & proprietary processes of Profile Evaluation, Analysis and Application Management, making the whole application process competent, time-saving, efficient, and transparent. ForeignAdmits has launched the Integrated Study Abroad Guidance Product, which offers financial and career counseling, admission, and post-admission support.

As per the startup, the company has grown 10X in the last 12 months across various business growth parameters. Additionally, the platform sees 2 lakh monthly traffic organically, which is growing at 25% month-on-month.

Some of the well-known networks that ForeignAdmits works with are Columbia, Duke, University of Toronto, CMU, Monash, and ASU.

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