Gurugram : India’s largest college admissions and education services platform has raised USD $26.5 million (~INR 200 Crores) in an ongoing (and oversubscribed) series B funding round led by Winter Capital Partners, ETS Strategic Capital – the private equity investments arm of ETS (creator of the TOEFL® and GRE® tests), Calega and existing investor Man Capital and Rajeev Chaba. The company had last raised USD $8 million in May 2019.
With this funding round, the company plans to further improve its offerings for students and colleges, increase its investment in product & technology, expand internationally and grow new verticals like Ed-Fin-Tech and Student Accommodation.
With an aim to institutionalize higher-ed counselling, CollegeDekho’s Ed-Tech platform helps connect prospective students with colleges using its proprietary Technology and its AI based conversation bot. CollegeDekho owns India’s largest Common Application Form (CAF) platform which enables a student to apply to multiple colleges with a single click. For Study Abroad students, CollegeDekho offers a full range of services from Profile Building, Test Preparation, to Application Assistance, University Selection and Visa Assistance. CollegeDekho has recently launched innovative 0% EMI based education financing and insurance products to enable more and more students to get access to an education of their choice. The platform helps colleges by making their admissions more efficient and predictable.
Ruchir Arora, Founder & CEO – CollegeDekho, said “CollegeDekho is at an exciting phase of growth in its mission to connect students and colleges across geographies. We welcome Winter Capital, ETS and Calega to the CollegeDekho family and thank Man Capital and Rajeev Chaba for their continued trust in us. Their global experience and precious insights in Ed-Tech shall be invaluable in our growth journey. The tremendous response we are seeing from students, parents and colleges continues to energise us to build world class products and services for them. All of this would not have been possible without the passion and commitment of the CollegeDekho family.
With this fund raise, we plan to invest in making our products and services even more lovable for our students and colleges, as well as expand into new geographies and business verticals.”