Other Private Equity/Strategic Investments
Crizac acquires 37.4% stake in overseas education consulting co. ForeignAdmits for Rs.1.25 Cr
Kolkata-based global student recruitment platform Crizac has acquired a 37.41% stake in Bengaluru-based overseas study assistance startup ForeignAdmits for about INR 1.25 crore through a mix of Compulsorily Convertible Debentures (CCDs) and Compulsorily Convertible Preference Shares (CCPS). ForeignAdmits founder and CEO, Nikhil Jain, will join Crizac as Chief Product and Marketing Officer.Founded in 2018, ForeignAdmits is an AI-powered student mobility platform that provides an end-to-end digital ecosystem connecting study abroad consultants, universities, and students. The platform supplies tools for university matching, application tracking, visa preparation, and securing education loans or accommodation.Crizac operates a global B2B (business-to-business) international student recruitment platform.
Between Oct 2021 and May 2022, ForeignAdmits had attracted about $1-M from SEA Fund, Unicorn India Ventures and others.
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