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ForeignAdmits Raises Rs 3.26 Crore from UIA

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ForeignAdmits Raises Rs 3.26 Crore from UIA
13 May 2022
min read

News Synopsis

ForeignAdmits, a study abroad support platform, has raised Rs 3.26 crore from other investors such as Unicorn India Ventures, SEA Fund, Beerud Sheth, and Keshab Panda.

This is the second investment by UIV in ForeignAdmits. The company recently raised a seed funding round from Unicorn India with total funding of over $1 million. The funds raised in the current round will be used to improve the technology platform, provide better experiences to students and partners, and will be used for ongoing business development efforts.

ForeignAdmits has grown 10-fold over the last 12 months across a variety of business growth parameters. Currently, the platform has 2 lakh of traffic per month organically, with an increase of 25% per month.

The company has a network of over 250 agent partners to meet the growing demand for data-driven and peer-to-peer admission counseling in India. With a team size of nearly 100, Foreign Admits currently serves students in India and 10 other countries and has partnerships with over 35 universities.

ForeignAdmits aims to serve more than 1,00,000 students in the next 12 months. The company has also launched India's first integrated study abroad advisory product, providing financial and career advice, enrollment, and post-enrollment support in one place.