CollegeDekho Closes Series B Funding Round At $35 Million
CollegeDekho, an admissions and higher education services platform, has closed its Series B funding round. With Disrupt ADQ and QIC coming on board recently, the $35 million (Rs 260 crore) round has been led by Winter Capital, ETS Strategic Capital, Calega and existing investor Man Capital.
As per the startup, the freshly raised funds will be used to further improve its offerings for students and colleges both within India and abroad. Also, CollegeDekho will increase its investment in products and technology while growing new verticals like Ed-Fin-Tech, student accommodation and coaching for higher education.
Additionally, the company will use the funds raised for acquisitions and consolidation that make strategic sense and is also considering expanding its study abroad services in global markets.
CollegeDekho | Discover. Prepare. Achieve
Founded in 2015 by Ruchir Arora, CollegeDekho is a Gurugram-based college admission and higher education services platform that is on a mission to institutionalise students’ counselling in India.
CollegeDekho connects prospective students with colleges using its proprietary technology and AI-based conversation bot, making the admission process more efficient and predictable.
Speaking on the development, Ruchir Arora said,
“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.”
The company’s Common Application Form platform enables students to apply to multiple colleges with a single click. For Study Abroad students, the company offers a full range of services from Profile Building, Test Preparation to Application Assistance, University Selection and Visa Assistance.
Additionally, it has recently launched zero percent EMI based education financing and insurance products to enable more and more students to get access to an education of their choice.
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