Adventum Student Living (ASL) said on Monday that it had collected USD 5 million (over Rs 38 crore) from investors.
ASL is an integrated destination for students pursuing higher education abroad.
In the two years since its inception, ASL has launched and integrated three brands – UniAcco, UniCreds and UniScholarz – that provide one-stop solutions to overseas learning challenges.
According to a company statement, the fund, led by Suresh Parik, founder of Ideal Cure, is a huge Jain through its investment vehicle Baya International, co-founder Bikash Fadnis of Eurokids, his car Octas Capital Pvt Ltd, Shreeji Brothers and a few others.
ASL will use the new corpus of funds to expand and expand global operations and increase market footprint and create brand awareness through marketing.
The funds will help the company deepen its focus on building the best-in-class technology and a data science team.
“We aim to transform students’ journeys and add value to their overseas education efforts at every step. Our ultimate goal is to provide a holistic ecosystem for the student community and make the entire journey abroad study a hassle-free experience,” said Dr. Amit Singh, founder of ASL.