Angel Investments
Overseas education aggregator ASL raises $5-M
Mumbai-based overseas education aggregator Adventum Student Living (ASL) has raised USD 5 million in a pre-Series B funding round led by Ideal Cures founder Suresh Pareek. Other investors who participated in the round include Vipul Jain, who invested through Baaya International; Vikas Phadnis, who invested through Auctus Capital Pvt Ltd; and Shreeji Brothers. The fresh capital will be used for building the brand, expanding its footprint, hiring talent for technology and data science teams. The startup will further deploy funds to expand its three business entities – UniAcco, UniCreds, and UniScholarz. Adventum offers student accommodation, education loans and scholarship programmes to students through UniAcco, UniCreds, and UniScholarz, respectively. It had earlier raised USD 1 million in a seed funding round from Adventum Offshore, an investment and wealth management firm, in 2020.
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