Indian startup Adventum Student Living raises USD 5 million

Adventum Student Living (ASL) on Monday said it has raised USD 5 million (over Rs 38 crore) from investors.

ASL is an integrated destination for students pursuing overseas higher education.

Within two years of its inception, ASL has introduced and unified three brands - UniAcco, UniCreds, and UniScholarz - that offer a one-stop solution for challenges in overseas education.

The funding was led by Suresh Pareek, founder of Ideal cures, Vipul Jain through his investment vehicle Baaya International, Vikas Phadnis, co-founder of EuroKids through his vehicle Auctus Capital Pvt Ltd, Shreeji Brothers and few others, according to a company statement.

ASL will use fresh corpus of funds to grow and expand operations globally and boost the market footprint and build brand awareness through marketing.

The funds will help the company deepen its focus on building best-in-class technology and a data science team.

"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," Amit Singh, Founder of ASL, said.