WiseAdmit, a student admission platform, recently made its debut at Shark Tank Nepal. And although they couldn’t get the offer they wanted from the Sharks, it seems that WiseAdmit is getting quite popular among youth. And being a recent A-level graduate, I wanted to know exactly what the hype is about. So, I reviewed their website, and this is what I found.
So, what is WiseAdmit?
The company was founded in 2022 by Rupesh Regmi. According to the CEO, WiseAdmit is an AI-powered global student admission platform. They aim to empower students through access to affordable education, and their platform is designed to help students discover the best university options for their further studies.
WiseScore feature
WiseAdmit introduces a feature called “WiseScore”, where they have to answer a few questions related to their education. And then, students can get matched with programs and scholarships that match their WiseScore. I also tried it and got a score of 71%.
But what does it mean? Well, according to the website, it is a tool to assess a student’s eligibility for admission or scholarships at their partner universities. This score will be calculated based on your interest, academic results, and other criteria.
After finding your WiseScore, based on this score, the platform suggests matching programs and scholarships. From there, students can start their application process directly through WiseAdmit. However, I couldn’t find some fields, like cybersecurity, which I wanted in the available stream or sub-stream options.
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Their claims
Although the founder claims the company offers what’s best for students, unlike typical consultancies, the reality is more subtle. They primarily recommend universities they’ve partnered with (mostly from China), which limits the options available to students.
And as a trending subject to grow, they have added the term “AI.” Primarily, I didn’t see anything related to AI when I reviewed the site except for the AI chatbot, which is built into the website.
A brief summary of WiseAdmit’s Shark Tank journey
Mr. Regmi’s pitch focused on empowering students with AI tools like WiseScore and AI Interview. As well as creating a future where Nepalese youth return with international exposure and help build Nepal. He also mentioned they have made a deal with the biggest CRM (Customer Relationship Management) provider in China.
The website is kind of different from other similar platforms because it provides subscriptions to the universities instead of the students. And, last year they made USD 127,000 and now have a scope of USD 500,000 this year.
The Sharks asked for 15% equity (versus 5% offered by Mr. Regmi) in exchange for an investment worth NPR 3.33 crores. However, he didn’t take the deal, as he believed the company’s vision was bigger than the presented valuation.
My final thoughts
WiseAdmit feels a lot similar to most of the other alternative platforms like Common App or Coalition Application. However, the WiseScore feature does add a personalized touch, helping students find relevant opportunities, but the platform’s recommendations are limited to its partners.
- Meanwhile, watch our Redmi Pad 2 review
