Adventum Student living (ASL), a parent company of UniAcco, UniCreds, UniScholars, a fast-growing study abroad aggregator startup, raised USD 5 million in its pre series B funding.
The funding was led by Mr Suresh Pareek, founder of Ideal cures, 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 a few others. With assistance from Validus Wealth (a full service, next-generation private client platform in India), ASL was able to carry out this transaction efficiently. Through their top-tier service capabilities, great team and deep understanding of the investor and private markets the fundraising journey was smooth & effortless.
“We at ASL aim to transform the student journey & add value to their international education endeavour at every step. Our ultimate goal is to provide a holistic ecosystem for the student community and make the whole journey hassle-free” said Amit Singh, Founder of ASL.
“The funding allows us to breakthrough & strategically expand the businesses. ASL will further strengthen its position in the global market by enforcing strategies & expanding various divisions within the company along with other key functions. We have been running ASL as a profitable venture from year 1 while growing it at 400% YoY growth ” Sayantan Biswas, Co-founder of ASL said in a statement.
Within 2 years of its inception ASL is a unification of three brands – UniAcco, UniCreds, & UniScholars that all work together to offer a one-stop solution for study abroad challenges.
ASL is looking to leverage the fresh corpus of funds to grow & expand operations globally and boost the market footprint to strengthen the product through promotional activities. The company is set to onboard fresh talent that will contribute to future advancements. The company will 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 & optimised further.
ASL’s journey commenced with UniAcco in November 2019 when a small team with start-up expertise came together to establish this global student accommodation platform. The product solely aimed to make the studying abroad experience as seamless as possible. With that in mind, the premium student housing platform was established but soon after; the pandemic struck, bringing new challenges to the company. Nonetheless, the company flourished with a razor-sharp focus, strong business matrix and orientation of adding value to the life of every student.
Today UniAcco is one of the fastest-growing accommodation platforms with more than 3M beds all across the globe. This universal prop-tech network connects students to their best-suited accommodations to help and solve the problem of finding housing abroad. Following this, the company expanded their vision and established UniCreds which is the sister extension that solves the problem of financing students’ expenses abroad. This student loan marketplace has strategically partnered with the best education loan providers all across the globe who offer students instant loans at the lowest interest rates. UniCreds specialises in dollar loans and provides a seamless loan experience. Till now the company has disbursed more than USD 100M+ worth of loans with 1500+ sanctions.
In the year 2021, UniScholars was established as the one-stop solution for students! A 360-degree platform that is founded to assist students with all their study abroad concerns. From free counselling to exam preparation, university and course mapping, to the final step of visa processing, the product has come to the forefront. At present ASL works in unity with all three brands and the funding will be catering to advance and chisel the processing to help more students with their study abroad dreams.
Founded during the global pandemic, ASL has seen its highs and lows, but with constant hardwork and determination, the company achieved every set milestone during their initial years. Certainly, as time advances, this funding and more milestones will only push ASL to bring more to the study abroad market and become a market leader.
