Azent Acquires Admission Table To Take Educational Counseling Online
The investment is in line with its plans to invest INR 250 Cr in new technologies
With this acquisition, Azent wants to go beyond Tier 1 market
Both startups help students planning to study abroad
Online-offline Edtech startup Azent Overseas Education, on November 20, announced the acquisition of Bengaluru-based admission assistance platform Admission Table. The acquisition is in line with Azent's investment and growth strategy, which involves INR 250 Cr investment in new technologies and innovative products over the next three years.
Founded in 2013 by Manish Kalyan, Admission Table is also an edtech startup that focuses on helping students find the right information to study overseas university shortlisting, admission counselling, scholarships and financing, and tutoring for SAT/GRE/GMAT/TOEFL/IELTS. For this, the platform relies on AI chatbot and machine learning tools, combined with human counsellors.
Through this partnership, Azent plans to adopt digital tools to transform its advisory and student guidance strategies. The company believes that the partnership will expand its reachability beyond Tier 1 cities, creating a stronger market position and opportunities. By integrating Admission Table, Axent will provide a structured online overseas education counselling.
Priyanka Nishar, the founder of Azent, said, "Admission Table.com significantly enhances our online offerings and user experience."
Azent was founded in 2013 by Atul Nishar and Priyanka Nishar to focus on tech-enabled counselling for students planning to study overseas. The platform primarily focuses on students looking to do their master's degree. It helps the candidates figure out the right courses and universities present abroad - US, Canada, UK, Australia, New Zealand, Germany, Ireland and Singapore.
The company also helps students with applications, visas and pre-departure processes. The company has its centres in Mumbai, Thane, Hyderabad, Chennai and Bengaluru. The company has also been looking to invest the INR 250 Cr
With over 33 Lakh Indian students going overseas to study every year, India is the second-largest source of international students after China. According to the Reserve Bank of India (RBI), tuition and hostel fees by Indian students studying abroad has increased by 44% from $1.9 Bn in 2013-14 to $2.8 Bn in 2017-18.
The spending and the prevalence of international universities are expected even more in the future. Looking at this, entrepreneurs and investors have been keeping a close watch on the platform as well. According to the recent NASSCOM report, over 3K edtech startups have been founded or incorporated in the last five years.