CollegeDekho raises $8mn in Series-B funding
With more than half a million registered students, the startup will soon launch CollegeDekho cafes in seven new cities in India: Delhi, Gurugram, Noida, Pune and Mumbai
Disruptive technology education startup CollegeDekho has raised $8 million in its Series-B funding led by existing investors GirnarSoft, London based Man Capital and others. The funds will be used for expansion, research, product development, and technology acquisition. With this latest round of Series-B funding, CollegeDekho's total funds raised stand at $12 million.
Founded by Ruchir Arora, Saurabh Jain, Rohit Saha, and Rajiv Singh, CollegeDekho provides a an open platform that facilitates interaction between students and colleges. It provides information about colleges, courses, careers, entrance exam details, admission notifications, changes in exam pattern, scholarships and other related topics. It supports students in selecting relevant career study options based on their strengths and guides them through self-discovery and college selection process.
This round of funding for CollegeDekho from existing investors demonstrates the their strong belief in the comprehensive 360-degree process of student counselling for higher education, the startup said. The startup has driven sustained sequential growth since its inception in 2015. Since 2016, CollegeDekho has processed over 12,000 admissions worth over Rs 900 crore. From just 10 colleges in its loop when it started in 2015, CollegeDekho now works with more than 400 colleges and universities, it said.
Now, CollegeDekho not only guides students to study in India, it is also helping studdents who want to study abroad. It has currently cafes in four major cities - Patna, Ranchi, Lucknow and Guwahati. The number of them are now being expanded to 11 cafes in Delhi, Gurugram, Noida, Pune, and Mumbai.
Amit Jain, Founder GirnarSoft said, “We are always excited to work with companies that are led by visionary founders and management teams and we remain committed to investing in technology-backed innovations that address real customer problems. Guided counselling services is scarce in India and only 2 - 3% students have access to this data currently. We are certain that as the education sector continues to grow rapidly, CollegeDekho will play an important part in bridging this gap and shaping the future of students in our country.”
“India has over 250 million school going students, more than any other country. It also has one of the largest networks of higher education institutions in the world. We look forward to their continued growth as its management team continues to successfully deliver and roll out across the country,” said Nikhil Malik, Partner at Man Capital.