AdmitKard, a Noida-based, study abroad admissions startup has secured $1 million (approx ₹71 crore) in pre-Series A round. The round, which saw participation from India and Australia- based investors, was led by an Australian EdTech Fund Growth DNA.
Piyush Bhartiya, co-founder at AdmitKard, said, “We will use the capital to enhance our product, strengthen our AI-driven counselling algorithms, and blockchain managed partner contracts. We also plan to rapidly expand our presence across 100+ cities in India through our already thriving partner network.”
The startup uses the concept of “near-peer” mentoring and AI/ML to assist decision making. It connects students aspiring to study abroad with the students already studying in universities overseas through the AdmitKard platform for advice.
“AdmitKard is a data enabled social platform which helps in eliminating information asymmetry and building trust among aspirants,” said Rachit Agrawal, co-founder at AdmitKard.
“It is a socially active platform by the students, for the students. Current students are passionate to guide aspirants on AdmitKard as they feel they were misguided when they were applying to study abroad,” Agrawal added.
The platform claimed that it has partnered with multiple service providers ranging from test prep, student accommodation, education loans, banking, forex, etc.
It helps students for applying to 1,000+ universities and colleges in countries including the US, the UK, Canada, Australia, New Zealand, and many more.
While, it claims to cover 95 per cent of the global requirement of international students, over 100,000 courses are listed on AdmitKard platfrom.
The startup said that every year, more than five million students seek cross border admissions with majority of them travelling to the US, the UK, Europe, Australia and Canada, collectively paying more than $100 billion in fees and another $25 billion in allied services.
With multiple new countries promoting themselves as an education hub and India too joining the race, total number of students going abroad to study are expected to double by 2025, it added.