India-based CollegeDekho, an edtech platform that facilitates students’ recruitment to colleges and universities across all streams and degrees, raised USD 35 million on 1st December.
Investors: The investment round was led by Winter Capital and ETS Strategic Capital, the private equity investments arm of ETS, Calega and existing investor Man Capital.
Purpose of funding: The startup plans to make its services more attractive to colleges and students within India and abroad using the funds. In addition, to expand its product and technology offerings, the company will grow new verticals such as Ed-Fin-Tech, student housing, and higher education coaching. As part of its expansion across verticals, it plans to enter new markets in foreign countries. Nevertheless, the company intends to use the funds raised to acquire or consolidate companies that make strategic sense.
About CollegeDekho
Founded in 2015 by Ruchir Arora, CollegeDekho is located in Haryana, India. CollegeDekho is an edtech platform that assists students in finding colleges and universities based on their stream and educational background. It also offers training and professional courses for senior-level hiring, government exams, post-graduation, JEE Mains, JEE Advanced, GATE, BITSAT, DU JAAT and test preparation for abroad. To help more and more students access education of their choice, the company recently introduced zero per cent EMI-based education financing and insurance products. The platform also allows colleges to be more efficient and predictable when it comes to admissions. As part of the startup, student accommodation services and higher education coaching will be available soon.
What the founder has to say
“Following the fruitful completion of Series B funding, we will be expanding our team, and platforms to serve a larger number of students and colleges. We will also increase our investment in products and technologies, while fuelling our growth in our new verticals such as education loans, student accommodation and coaching for higher ed. Even as we double down on our efforts to increase our reach in the Indian market, we will also consider expanding our presence abroad,” said Ruchir Arora, founder and CEO at CollegeDekho.
What the investors have to say
“We are happy to welcome ADQ and QIC along with ETS Strategic Capital as our co-investor in CollegeDekho. We are convinced that partners as solid as these joining the pool of investors further strengthens the prospects of success for CollegeDekho and proves the value of investment in edtech, which is poised to reach $10 billion in size in the next 5-10 years, from about $2.5 billion today. We see our investment in CollegeDekho as promising and well aligned with our strategy to expand our investment portfolio via dynamic, high-quality assets,” said Anton Farlenkov, Managing Director at Winter Capital Advisors.
“CollegeDekho is at the forefront of a rapidly expanding and growing edtech market in India. In addition to the exponential growth in college admission and the wider India edtech market, we are also seeing a rise in integrated solutions for college students across the globe. We believe that CollegeDekho is very well positioned to expand its services and reach to become a leading global player over the coming years,” said Mohamed Mansour, Chairman at Man Capital.
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