According to reports from Business Standard, Crizac has entered into definitive agreements to invest an aggregate amount of approximately ₹1,24,76,944 in Edument Consultancy. The investment will be executed through the acquisition of Compulsory Convertible Preference Shares (CCPS) and Compulsorily Convertible Debentures (CCD) from existing investors, with the transaction structured in one or more tranches subject to terms and conditions contained in the definitive agreements. This strategic investment marks a significant milestone in Crizac's ongoing evolution as a technology-led, full-stack student mobility platform.
As reported by Business Standard, Edument Consultancy operates an AI-powered B2B platform that enables study abroad counselors, coaching institutes, and university partners to manage student admissions, education loan sourcing, visa readiness, and other services for students seeking higher education overseas. The platform operates under the brand ForeignAdmits, an AI-first student mobility platform that has served over 100,000 students and facilitated more than ₹1,500 crore in education loans. The company provides technology products, workflow automation tools, and allied services through a SaaS-based e-platform, serving 700+ counseling partners and 200+ university partners across 5+ countries.
With this investment, Crizac strengthens its ability to support students and counseling partners at the most consequential stages of the study-abroad journey: choosing a destination, securing financing, and clearing the visa, each powered by AI-enabled technology that delivers speed, accuracy, and scale. The partnership extends Crizac's reach into AI-powered financing and visa solutions for students at every stage of their journey. ForeignAdmits will continue to operate as an independent entity under its existing brand and management, preserving the organisational agility and student-first culture that underpins its growth.
