CollegeDekho, India’s largest college admissions and higher education services ecosystem, announced that it has raised a fresh infusion of $9 million from its existing investor – Winter Capital Partners (WCP) in an ongoing round.
According to the press statement, the company’s revenues reached nearly 100 crore in FY22 and is expected to double in the coming financial year. It also aims to turn EBITDA positive in FY23.
Founded in 2015 by Ruchir Arora, Rajiv Singh, Saurabh Jain, and Rohit Saha, CollegeDekho aims to institutionalise student counselling in India. The platform connects prospective students with colleges using its proprietary technology and AI-based conversation bot. It specialises in education, college admission, university admission, student counselling, competitive exam preparation, and one-click education solution.
With over 1000 partner colleges as its clients, CollegeDekho has 35K+ unique colleges listed on its website and offers latest information on admissions, entrance tests, infrastructure, courses and careers. Its Common Application Form platform, which enables students to apply to multiple colleges with a single click, is India’s largest of its kind. Since its inception, the Gurugram-based startup has counselled more than 70 lakh students and has helped around 1500 colleges with their student recruitment.
Commenting on the fundraising, Co-founder & CEO of CollegeDekho, Ruchir Arora, said:
India has been witnessing a shakeout in the EdTech startup space but this fresh round from our existing investors is a testament to the remarkable growth that the CollegeDekho team has delivered. Having built a solid foundation, and with the backing of a fantastic team and our investors, we are aiming to double our revenue in the coming fiscal year. CollegeDekho started with a vision of building a globally-trusted education ecosystem and today we are more confident than ever that we are well on our path to do so.
For study abroad students, it provides a full range of services from profile building, test preparation, university selection and visa assistance. The firm has enrolled over 1 Lakh students since its inception. CollegeDekho recently launched Assured which provides industry-ready courses and assures 100% internship and placement opportunities. Earlier in March, it had acquired PrepBytes, a coding and placement preparation startup in an undisclosed cash-plus-equity deal.
Last year in November, CollegeDekho had raised $35 million as a part of its Series B funding round led by Winter Capital, ETS Strategic Capital – the private equity investments arm of ETS (creator of the TOEFL tests and GRE tests), Calega, and existing investor Man Capital, Disrupt ADQ and QIC. Prior to this fresh round of funding, the company had raised over $45 million in funding.
