Study Abroad Assistance Platform ForeignAdmits Raises INR 3.26 Cr from Unicorn India Ventures

• Round led by Unicorn India Ventures
• Co-investors in the round include SEA Fund, Beerud Sheth (Founder CEO, Gupshup), Zishaan Hayath (Founder CEO, Toppr) and Keshab Panda (Former CEO, L&T Infotech)
• Funds raised to be used for scaling the tech platform and business development
• Foreign Admits demonstrates yet another stellar performance with 6X growth
• Organic traffic to the site increases to 2 lakh per month registering 25% m-o-m growth
• Foreign Admits currently serve students in India and 10 other countries with over 25 University partnerships

Data-driven study abroad assistance platform ForeignAdmits has raised Rs 3.26 crore from Unicorn India Ventures and other marquee investors like SEA Fund, Beerud Sheth (Founder CEO, Gupshup, Zishaan Hayath (Founder CEO, Toppr) and Keshab Panda (Former CEO, L&T Infotech) also participated in the round.

This is the second investment by UIV in Foreign Admits. The Company raised a seed round from Unicorn India recently, taking the total funding raised to over $1 million. The Funds raised in the current round will be used for enhancing the tech platform to provide better experience to the students and partners and ongoing business development efforts.

Anil Joshi, Managing Partner, Unicorn India Ventures, says, “ForeignAdmits has demonstrated a strong growth track record since we last invested in the company. 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.

ForeignAdmits has grown 10X in the last 12 months across various business growth parameters. Currently, the platform sees 2 lakh monthly traffic organically, which is growing at 25% m-o-m. The Company has over 250 agent’s partners network in place to meet the growing demand of data driven and peer to peer admission counselling in India. ForeignAdmits with a team size of close to 100 is currently serving students in India and 10 other countries and has over 35 universities partnerships.

Ashwini Jain, Co-founder CEO, ForeignAdmits, says, “We want to become a global leader in the overseas education space and help anyone, from any country, access the World’s best education to achieve their full potential using our technology. Students especially in tier 2 and 3 towns don't enjoy exposure and guidance when compared to their metro counterparts. This is true for countries across the World. With the use of technology, we aim to transform the overseas study industry with better, efficient and trusted technology products. This will also enable counsellors and agents to help students with a better admission and post admission experience."

ForeignAdmits intends to help over 1,00,000 students over the next 12 months. The Company has also launched India’s first Integrated Study Abroad Guidance Product which offers financial & career counselling, admission and post admission support in one place.

About ForeignAdmits

Started in 2020 by IIT-Bombay alumni Ashwini Jain and IIT-BHU alumni Nikhil Jain, FA is an end-to-end study abroad platform for students and agents that gives peer to peer mentoring by international graduates and alumni network, provides data driven personalised guidance, helps managing college application digitally, brings all the post visa and pre departure services such as education loans, FOREX, GIC, Blocked Account,accommodation, health insurance, credit cards and bank accounts on a single platform.

About Unicorn India Ventures

Unicorn India Ventures is a Mumbai-based early stage fund house started in 2015 by Anil Joshi and Bhaskar Majumdar. The Fund has also launched a UK India cross border fund for funding UK startups looking to enter India. From its first Fund, UIV has invested in 18 companies like Inc42, Sequretek, Pharmarack, Genrobotics, NeuroEquilibrium, SmartCoin, Open Bank, Open app to name a few. Unicorn India has also announced Fund II, which is a Rs 300 crore fund launched in 2019 which has invested in 20 companies so far.

Data-driven Education Platform ForeignAdmits Raises INR 3.45 Cr in Seed Round Led by Unicorn India Ventures

Nikhil Jain and Ashwini Jain

• Round saw participation from RiDiK Technology from Singapore, Manoranjan Mohapatra, Kumar Siddhartha (CEO, Greytrix), Chandra Shekhar Sharma (HoD, Physics, Reliable Institute, Kota, A division of Allen), Sudhanshu Mishra(Co-Founder, azuro by Squareyards), Sagar Gandhi, Mayank Sharma (India Head of Prodigy Finance)
• ForeignAdmits provides personalized guidance to aspirants looking to study abroad, using data backed counselling process & guided peer to peer mentorship by alumni of international colleges.
• Globally, over 200,000 students and aspirants have used ForeignAdmits to get advice from over 500 mentors from leading institutions and Fortune 500 organizations
• Funds raised to be primarily used for product development and for team expansion.
• Aims to make global education a reality for every student who desires to study abroad

Bengaluru based ForeignAdmits that offers personalised study abroad guidance to aspirants has raised INR 3.5cr in a seed round led by Unicorn India Ventures. 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).

Started in 2020, ForeignAdmits is a data-driven platform providing authentic Study Abroad guidance to Aspirants using a data-backed counseling process and peer-to-peer mentorship by international graduates & alumni networks. Some of the well known alumni networks that ForeignAdmits work with are Columbia, Duke, CMU, Monash, University of Toronto and ASU. The Company focuses on the overall aspiration of the GenNext, taking them from mere aspirants to worthy candidates.

The Company is founded by IIT alums & international graduates Nikhil Jain and Ashwini Jain. ForeignAdmits is currently present in 6 key cities in India -- Mumbai, Pune, Bengaluru, Hyderabad, Kolkata.

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.”

ForeignAdmits, which was incubated at FIIRE, Goa, aims to make global education a reality for every deserving student. The Company which started just before the pandemic hit, has continued to grow strongly and organically. The focus has always been process focused where unwanted and non serious student acquisition is not encouraged to maintain a quality experience for both guide and the students.

ForeignAdmits has a "Mentor Mentee Connect"- A personalized mentorship product for aspirants from quality & verified mentors of top universities of their choice. The aim is to make processes transparent, organized and data backed. This ensures that students not only land up with multiple admits but also land in their college with better awareness of their chosen career paths and colleges.

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.”

ForeignAdmits has grown 10 times in the last one year. Currently, it has close to one lakh MAU and 1.5 lakh user traffic per month, registering an organic growth of 650% in user base and traffic in 2021. In the next 12 months, ForeignAdmits aims to guide over 25,000 students in their foreign education cycle through tech enabled counseling process. It also plans to empower over 500 counselors to help students with proper guidance through our admission counselling products.

ForeignAdmits provide Personalized Study Abroad Guidance to Aspirants, Using Data backed Counseling Process & Guided Peer to Peer mentorship by Foreign Alumni. We are a 20 member team, founded by 2 IIT Alumni & international graduates. We were incubated at FIIRE, Goa

Globally, over 200,000 students and aspirants have used ForeignAdmits to get advice from over 500 mentors from leading institutions and Fortune 500 organizations. We had closed our 1st Angel round in 2020 backed by few IIT Alumni Angels and some seasoned Angel Investors. Now we are backed by UIV, few strategic Angels from Singapore & India. We have established some healthy partnerships with brands like ETS TOEFL® and JIO. Our founders have been recognized by BSE Institute in top 50 Impact startups in past and featured on Doordarshan. We are present in over 5 major cities in India like Mumbai, Delhi, Bengaluru, Hyderabad, Kolkata, now with headquartered in Bengaluru. We are a team of 18 people now.

Unicorn India Ventures is a Mumbai-based early stage fund house started in 2015 by Anil Joshi and Bhaskar Majumdar. The Fund has also launched a UK India cross border fund for funding UK startups looking to enter India and have invested in 7 UK startups. From its first Fund, UIV has invested in 18 companies like Inc42, Sequretek, Pharmarack, Genrobotics, NeuroEquilibrium, SmartCoin, Open Bank, Open app to name a few. Unicorn India has also announced Fund II, which is a Rs 400 crore fund launched in 2019 which has invested in 9 companies so far.