CollegeDekho, India’s largest higher education ecosystem, has recently raised $9 million from its existing investors in its extended Series B round, according to sources. The sources further said that the company’s existing investors invested in the startup via a special purpose vehicle (SPV).
CollegeDekho was founded in 2015 by Ruchir Arora, Saurabh Jain, and Rohit Saha, and all of them believe that every student, regardless of their background, must be provided access to high-quality college guidance to ensure no dream goes unfulfilled. With only 28.3% of Indian students enrolled in higher education, the company recognizes the need for professional, tech-enabled advice to assist more young people in pursuing their educational aspirations. With over 200 million website visits from prospective students and selections made by about 60% of Indian students seeking a private college education, CollegeDekho helps students find the best college and supports institutions in providing higher-quality education.
The platform provides a gamut of services in the higher education segment, including test prep, college selection, and application assistance. Its ground-breaking Common Application Form (CAF) technology streamlines applications to many colleges with a single click, making it the largest in India. It claims to have counselled more than 70 Lakh students and worked with nearly 1,500 colleges. The startup also claims to have more than 16 crore visitors on its multiple higher education discoverability platforms.
CollegeDekho’s existing investors are Winter Capital Partners, ETS Strategic Capital, Calega, QIC, and Man Capital. The firm raised the latest funds at a valuation of $138 million, unchanged from its last valuation. It last raised $9 million from Winter Capital Partners in its Series B funding round in December 2022. Overall, CollegeDekho has raised a total funding of over $90 million.
The company expanded its business by making a few acquisitions in 2022. In February 2022, it announced the acquisition of EdTech platforms Getmyuni and IELTSMaterial at around INR 50 crore. A month later, it acquired PrepBytes in a cash and equity deal to scale its offerings.
