ForeignAdmits is a B2B digital platform helping study abroad consultants manage their students admissions to post-admissions journey. Its like Shopify in the study abroad domain.
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. 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.
Started by Ashwini Jain, IIT Bombay & Purdue University USA alum, and Nikhil Jain, IIT BHU & Monash University alum, the platform is used by 500+ businesses, including prominent clients like VFS Global and Allen. 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. We currently work with 78 universities and 16 banking partners to serve 10,000+ students annually. In the next nine months, we plan to expand our distribution network to 4000 businesses, equivalent to 10% of the Indian market.
