VC Fund Investments
ForeignAdmits raises Rs 3.26-Cr from Unicorn India Ventures, other investors
Bengaluru-based Overseas study assistance startup ForeignAdmits has raised INR 3.26 crore from existing backer Unicorn India Ventures (UIV) and other investors including 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 along with furthering its ongoing business development efforts. 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.
From the Venture Intelligence PE-VC Deal Database: In Oct-21, ForeignAdmits had raised INR 3.5 crore in a seed round led by Unicorn India Ventures. The round also saw participation from RiDiK Technology from Singapore, Manoranjan Mohapatra, Kumar Siddhartha (CEO, Greytrix), Chandra Shekhar Sharma (HoD, Physics, Reliable Institute, Kota), Sudhanshu Mishra, Sagar Gandhi, and Mayank Sharma (India Head of Prodigy Finance). (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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