An online “university discovery platform” based in India has raised $8 million to expand its operations aiming to assist students across the country find places at higher education institutions. It is CollegeDekho‘s second round of fundraising.
With the Series B funding the company, which predominantly serves students across India, will expand its presence in more schools, while also improving its service to connect students with international options, according to TechCrunch.
“Guided counselling services are scarce in India”
“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,” said Ruchir Arora, the firm’s co-founder and chief executive.
With more than 36,000 colleges in its database, the company has raised $13 million to date and helped more than 8,000 students gain college admission in 2018.
In 2017, CollegeDekho launched its study abroad business and currently lists study options from around 40 countries on its website.
The latest round of funding was led by its parent company GirnarSoft Education and private equity investor Man Capital.
Girnarsoft’s co-founder Amit Jain said the huge young population in India, who do not have access to counselling services, will
“Guided counselling services are scarce in India and only 2-3% of students have access to this data currently,” Jain said.
“CollegeDekho will play an important part in bridging this gap and shaping the future of students in our country.”
