Overseas study assistance startup ForeignAdmits has raised Rs 3.26 crore from Mumbai-based early-stage fund Unicorn India Ventures (UIV) and other investors like Bengaluru-based SEA Fund. Beerud Sheth, founder of Gupshup, Zishaan Hayath, founder of Toppr, and Keshab Panda, former chief executive officer of L&T Infotech also participated in the round.
ForeignAdmits plans to utilise the fresh funding for enhancing its tech platform to provide a better experience to students and partners.
Founded in 2020 by Ashwini Jain and Nikhil Jain, ForeignAdmits is an end-to-end study abroad platform for students and agents that gives peer-to-peer mentoring by international graduates and alumni network.
The startup helps students in applying for college applications digitally and undertakes post visa and pre-departure services such as education loans, forex, health insurance, credit cards, and bank accounts.
