For Bengaluru-based career counseling and students and working professionals studying abroad, ForeignAdmits has raised $ 457,000 (INR 3.5 crore) in a seed round led by Unicorn India Ventures.
The tour was attended by well-known angels from Singapore including RiDiK Technology, Manoranjan Mohapatra, Kumar Siddharth (CEO, GreatTrix), Chandrasekhar Sharma (HoD, Physics, Trusted Institutions, Kota), Sudhanshu Mishra, Sagar Gandhi and Mayank Sharma. (India Head of Prodigy Finance).
The new funds will be used for product development and team expansion.
ForeignAdmits is an AI-based online platform that provides access guidance services to students. It enables students to connect with graduate and alumni for guidance. It also offers other services like purpose writing services, forex services like money transfer and fee payment and much more.
Some well-known alumni networks such as Cormbia, Duke, CMU, Monash, University of Toronto and ASU that work with Foreign Admits.
Founded in 2020 by IIT alumni Nikhil Jain and Ashwini Jain, ForeignAdmits has a vast network of successful mentors to guide students to make the right decisions and choices for their study and career abroad. They help and assist students in their own experiences and journeys. The company is currently based in Mumbai, Pune, Bangalore, Hyderabad and Kolkata.
Speaking about the company, Nikhil Jain, co-founder and CEO of ForeignAdmit, said,
“We want to transform and disrupt the उच्च 90 billion global higher education industry by creating the largest online student community to make study abroad available and affordable to all high potential students. Studying abroad should not be just a dream of the elite and should be made easy for all. Individuals who aim to achieve their dream of going to college. Our goal is to empower 100 million students in India with quality mentoring that enables them to pursue higher education by providing students with a state-of-the-art and comprehensive guidance platform to help them choose better careers.
ForeignAdmits has “Mentor-Menti Connect”, a personalized guide product for aspirants from the quality and verified guides of their preferred top universities. This ensures that students not only land with multiple admissions but also enter the college of their dreams with a good awareness of the chosen career paths.
Anil Joshi, Managing Partner, Unicorn India Ventures, added,
“Higher education in India is now more focused and producing disciplinary experts and has grown remarkably. The overall enrollment rate in higher education is improving significantly every year. This is the first time we’ve seen the impact. “
The startup claims to have nearly one million monthly active users and 1.5 million user traffic per month, registering a 650 percent organic increase in user base and traffic in 2021.
Over the next 12 months, ForeignAdmits aims to guide more than 25,000 students in their overseas education cycle through technology-enabled counseling processes. The company plans to empower more than 500 counselors to help guide students properly through their counseling counseling.
Like what do we do?
The latest Adtech news for your inbox