Adventum Student Living (ASL), a Mumbai-based overseas education aggregator startup, has raised $5 million to help students with their overseas education journey.
The pre-series B funding round was led by Suresh Pareek, founder of Ideal Cures, with participation from Vipul Jain, who invested through his investment vehicle Baaya International; Vikas Phadnis (Co-founder of EuroKids) through his Auctus Capital Pvt. Ltd.; and Shreeji Brothers among others.
Adventum said the fresh capital would be used to build the brand, expand its footprint across the globe, and hire talent for technology and data science teams. The startup will further deploy funds to expand its three business entities – UniAcco, UniCreds, and UniScholarz.
Founded in 2019 by Amit Singh and Sayantan Biswas, Adventum helps students pursue education abroad. It offers student accommodation, education loans, and scholarship programmes to students through UniAcco, UniCreds, and UniScholarz, respectively.
Speaking about the platform, Amit Singh, Founder of ASL, said,
"We 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."
Adventum claims to be profitable since the first year of its operation while growing at 400% year on year.
Earlier, Adventum had raised $1 million in a seed funding round from Adventum Offshore, an investment and wealth management firm, in 2020.