With this funding round, CollegeDekho, plans to step up its offerings for students and colleges, increase its investment in product & technology, expand internationally
MUMBAI, Sep 8 (The CONNECT) - CollegeDekho, 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 fundinging, CollegeDekho, plans to step up 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.
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%-interest-based-EMI 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 improving the efficiency of their admissions.
Ruchir Arora, Founder & CEO – CollegeDekho, said the platform 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,” he said.
Anton Farlenkov, Managing Director at Winter Capital Advisors, said India’s Ed-Tech industry is poised to reach $10 billion in size in the next 5-10 years, compared to the current market size of about $2.5 billion. “We see this investment as promising and well aligned with our strategy to expand our investment portfolio via dynamic, high-quality assets,” he said.
“We continue to identify and invest in companies both domestically and internationally whose missions and long-term vision align with that of ETS,” said Ralph Taylor-Smith, Managing Director of ETS Strategic Capital.
Chairman of Man Capital, Mr. Mohamed Mansour, said CollegeDekho is very well positioned to expand its services and reach to become a leading global player over the coming years.