Data-driven edtech platform ForeignAdmits raises Rs.3.45 crore led by Unicorn India Ventures

Bengaluru-based ForeignAdmits that offers personalized 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).

ForeignAdmits, which was incubated at FIIRE, Goa, aims to make global education a reality for every deserving student. The funds raised will be used for product development and for team expansion. It aims to make global education a reality for every student who desires to study abroad.

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 and alumni networks.

“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,” Nikhil Jain, Co-founder and CEO, ForeignAdmits, said.

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