ForeignAdmits raises Rs 3.45 Cr led by Unicorn India Ventures
- ByManjeet Singh | October 11, 2021
Personalized study abroad guidance firm ForeignAdmits in Bengaluru raised INR 3.5cr from Unicorn India Ventures in a seed round. The round also saw participation from well-known angels like 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, Mayank Sharma (India Head of Prodigy Finance).
A data-driven platform that provides authentic Study Abroad guidance to Aspirants using data-backed counseling and peer-to-peer mentoring by international graduates and alumni networks, ForeignAdmits was launched in 2020. University of Toronto, Harvard, Duke, CMU, Monash, Columbia and Duke are among the alumni networks that ForeignAdmits works with. In order to take GenNext from mere aspirants to good candidates, the Company focuses on the overall aspiration of its clients.
Anil Joshi, Managing Partner, Unicorn India Ventures, says, – “Higher education in India is more focused now and 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.”
Nikhil Jain, Co-founder & CEO, Foreign Admits, says, “We want to transform and disrupt the $90 billion global higher education industry by creating the largest online student community to make study abroad accessible and affordable to all high potential students. Studying abroad should not be just an elitist’s dream and should be made accessible to all aspiring individuals who aim to achieve their dream of going to college. 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.”
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