Lead Angels Fund | Foreign Admits I

Commitment Amount is in multiples of ₹100.00 ₹100.00 (Unit value of investment scheme)

Foreign Admits is an International mobility marketplace platform that connects individuals and organisations seeking to move to another country with various services from loans, accommodations, forex services and visas etc.

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Description

Problem
 

One of the biggest problems for these organizations is the inability to help their students in their admission and post-admission/departure journey. Various start-ups/neo-banks are working on a specific product for a particular country; however, a single source of truth is lacking.


Solution
 
ForeignAdmits is a B2B digital platform helping study abroad consultants manage their students’ admissions to post-admissions journey. It’s like Classplus in the study abroad domain. The platform helps discover various universities, financial, travel, and hospitality products for multiple countries with the convenience of a one-touch application. 
 
The platform allows counsellors to manage their students through a layer of CRM and increase their earnings by INR 50,000 (600 USD) per student. They currently work with 78 universities and 16 banking partners to serve 10,000+ students annually.
 
Market Opportunity
 

The study abroad industry is growing at 35% on an annual basis. India has 40K+ small & medium enterprises (SMEs) sending 1.3 million students annually who collectively spend more than $40B annually.


Following are a few highlights of Foreign Admits
  • One-stop shop for all needs for students seeking foreign education
  • Collaborated with 78 Universities and 500 agents now
  • Investment opportunity with Turbostart, Unicorn Ventures and SEA Fund. 
About the Founders
 
Ashwini Jain – Founder & CEO – IIT Bombay Alumni, 5+ years in Enterprise Digital Transformation &Data Science + 1 year of Corporate M&A.
 
Nikhil Jain – Founder & COO – IIT BHU Alumni, 5+ years in Digital Marketing for various Start-ups.
 
Details of the round
 
They are raising ₹5 CR at a pre-money valuation of ₹35 Cr. They already have commitments of ₹3.5 CR from new and existing Investors. 
 
As the company is in advanced discussions with multiple VCs, we are opening the commitment window one day prior to the Investor Discussion call. If you desire an early allocation in this investment opportunity, please feel free to send your commitment.
 

The investment in Foreign Admits is open through both the Lead Angels network and through our SEBI-registered AIF Category 1 VCF Angel Fund, Lead Angels Fund. The minimum investment amount for direct investment is INR 10 Lakhs and minimum investment amount for the Fund route is INR 5 Lakhs for Freedom plan members and INR 2.5 Lakhs for Gold plan members.

 
In case commitments exceed the allocated amount, allotment will be on a “First Come, First Serve” basis.

Additional information

Investment Scheme

Lead Angels fund Foreign Admits I

Minimum Investment Amount

5 Lakhs

Transaction Fee

2% of Investment Amount

Declaration

As per SEBI regulations, a member of the fund has to make a commitment of INR 25 lakhs to be invested through the Lead Angels Fund over a five-year period and also meet certain net worth criteria.

Investment Documents

  1. Foreign Admits Pitch Deck – Link
  2. Foreign Admits Pitch Video – Link
  3. Foreign Admits All Documents – Link

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