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, technology. CollegeDekho has a hybrid presence, with on-ground cafes in four major cities: Patna, Ranchi, Lucknow & Guwahati. This is now being expanded to 11 cafes across cities of Delhi, Gurugram, Noida, Pune, Mumbai etc.
Founded by Ruchir Arora, Saurabh Jain, Rohit Saha, and Rajiv Singh, CollegeDekho provides a transparent and 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 all related topics. It supports students in selecting relevant career study options based on their strengths and guides them through the self-discovery and college selection process. This round of funding for CollegeDekho from existing investors demonstrates the strong belief in a comprehensive 360-degree process of student counselling for higher education.
“The current round of funding demonstrates the confidence investors have in us and in our ability to transform higher education and career decisions by using technology. It will strengthen our ability to create more engaging internal and customer-facing products.” He further added, “The company has grown by 100% every year for the last 3 years and we keep focussing on accelerating this growth. With our reach expanding nationally and internationally, we are excited to put the company on a rapid growth trajectory,” said Arora.
Since 2016, CollegeDekho has delivered in excess of 12,000 admissions worth Rs 900 crores plus. The stickiness of service is visible by the amazing trust shown by both colleges and students. From having just 10 colleges when they started in 2015, CollegeDekho now works with more than 400 colleges and universities and 300,000 students making it the most accredited business in the education space. This is evident from the rating on Facebook, demonstrating the students' faith and unending loyalty of customers, which is rock solid at 100% retention.
Today, CollegeDekho has more than 36000 colleges in its database and has guided more than 1.2 million students across India, emerging as a leading platform to provide counselling in the education sector from India.
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 are scarce in India and only 2 – 3% of 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.”
Nikhil Malik, Partner, Man Capital said, “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.”
With this latest round of Series B funding, CollegeDekho's total funds raised stands at $12 million.