Adventum Student Living (ASL), an Overseas education aggregator startup has raised $5 million in its Pre-Series B funding round from Ideal Cures founder Suresh Pareek.
The funding round also saw participation from Vipul Jain, who invested through Baaya International; Vikas Phadnis, who invested through Auctus Capital Pvt Ltd; and Shreeji Brothers.
The startup plans to use the funds to build a brand, expand its footprint around the world, and hire talent for technology and data science teams. It will also deploy funds to expand its three business entities – UniAcco, UniCreds, and UniScholarz.
The Mumbai-based ASL was founded in 2019 by Amit Singh and Sayantan Biswas, It helps students to get education abroad.
The startup offers student housing, education loans, and scholarship programs to students through UniAcco, UniCreds, and UniScholarz respectively.
“We aim to transform the student journey and add value to their overseas education endeavour at every step. Our ultimate goal is to provide a holistic ecosystem for the student community and make the entire journey to study abroad a hassle-free experience”, Amit Singh, Founder of ASL, said.
ASL claims to be profitable from the first year of its operations, growing at the rate of 400% (YoY) on a yearly basis.
In 2020, Adventum Student Living had raised $1 Mn in a seed funding round from Adventum Offshore, an investment and wealth management firm.
ASL competes with Leapscholar, Eduvanz, UpGuide and Financepeer in the Indian education sector.