# Edument Consultancy Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/edument-consultancy-pvt

- Industry: Education/Training
- Headquarters: Mumbai, India
- Website: www.foreignadmits.com
- Total disclosed funding: $0.5M
- Latest round: Seed (Oct 18, 2021)
- Investors on record: 1

## About

Edument Consultancy Pvt Ltd., headquartered in Mumbai, India, specializes in facilitating the study abroad process through innovative technology and personalized support, enhancing the experiences of students and consultants alike.Founded in 2020, Edument Consultancy Pvt Ltd. operates through its platform ForeignAdmits, which simplifies the study abroad journey for students, consultants, and service providers. The company was co-founded by Ashwini Jain and Nikhil Jain, both of whom play significant roles as CEO. The firm has completed three funding deals, with the most recent round occurring on June 20, 2022, raising INR 32.25 million from investors including Salamander Advisors and Unicorn India Ventures, positioning its valuation at INR 318.76 million.ForeignAdmits offers a comprehensive digital platform that enhances the study abroad experience by providing AI-driven university matching, application processes, and support services such as loan facilitation, visa assistance, and accommodation arrangements. It serves over 45,000 students and collaborates with over 600 trusted partners including universities and financial institutions, primarily targeting North America, Europe, and Australia.In 2023, Edument Consultancy Pvt Ltd. reported revenue of INR 92,813.7, while also recording an EBITDA of INR -352,515 during the same year. The company's revenue is derived through collaborations with educational institutions and consultancy firms, leveraging its network to provide various services to students and partners.Following the INR 32.25 million funding round completed in June 2022, Edument Consultancy Pvt Ltd. plans to utilize these funds for scaling its technology platform and enhancing business development efforts. The company aims to introduce new products aimed at further simplifying the study abroad process and expanding its reach into new geographic regions, although specific timelines for these initiatives have not been disclosed. Their strategy includes targeting additional markets within North America, Europe, and Australia to broaden their student base and partnerships.

## Funding rounds

- Seed, Oct 18, 2021, $0.5M — Unicorn India Ventures

## Investors

- Unicorn India Ventures (https://capitalatlas.ai/funds/unicorn-india-ventures) — Seed