India : Adventum Student living (ASL), the parent company of UniAcco, UniCreds, UniScholarz, a fast-growing overseas education aggregator start-up, raised USD 5 million as Growth Capital. The funding was led by Mr. Suresh Pareek, founder of Ideal cures, Mr. Vipul Jain through his investment vehicle Baaya International, Mr. Vikas Phadnis, co-founder of EuroKids through his vehicle Auctus Capital Pvt. Ltd., Shreeji Brothers and few others. The transaction was executed by Validus Wealth (a full service, next-generation private client platform in India).

ASL is looking to leverage the fresh corpus of funds to grow and expand operations globally and boost the market footprint and build brand awareness through marketing. The company is set to on board fresh talent that will contribute to future advancements. The funds will help the company deepen its focus on building best-in-class technology and a data science team. Being a technology backed product, this key pillar will be developed and optimised further.

Commenting on the fund raise, Amit Singh, Founder of ASL said, “We at ASL 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.”

“The funding allows us to breakthrough and strategically expand the three business entities.  ASL will further strengthen its position in the global market by enforcing strategies and expanding various divisions within the company along with other key functions. ASL has been a profitable venture from the first year of operation while growing at 400% YoY” –added Sayantan Biswas, Co-founder of ASL.

Within 2 years of its inception ASL has introduced and unified three brands – UniAcco, UniCreds, & UniScholarz, that all work in tandem to offer a one-stop solution for challenges in overseas education.