Sign up

Have some pie!

CollegeDekho raises further $8.5 million

Admissions and services platform CollegeDekho has announced an additional $8.5 million in funding to bring its full Series B round to $35m.

Since 2015, CollegeDekho has counselled more than two million students and has helped almost 1,000 colleges with their student recruitment. Photo: CollegeDekho

CollegeDekho will be expanding its team and platforms to "serve a larger number of students and colleges"

Earlier in the year, the India-based college admissions and higher education services platform revealed it had raised $26.5m with backing from Winter Capital Partners, ETS Strategic Capital, Calega and existing investors Man Capital and Rajeev Chaba.

The new funding brings in new investors Disrupt ADQ and QIC.

The company reiterated that the funds will be used to further improve its offerings for students and colleges both within India and abroad, grow new verticals in ed-fin-tech, student accommodation and coaching for higher education and for acquisitions and consolidation that “make strategic sense”.

Additionally, it said it will considering expanding its study abroad services in global markets.

“We believe that our sound business model, innovative products, our commitment to excellence in service delivery, and growing student base continue to help us win the trust of investors who have global exposure and experience in higher edtech,” said Ruchir Arora, CollegeDekho founder & CEO.

“Their participation in our growth story is a testimony that we are delivering on our mission of transforming the higher education journey of students.”

CollegeDekho will be expanding its team and platforms to “serve a larger number of students and colleges”, he added.

“We will also consider expanding our presence abroad”

“Even as we double down on our efforts to increase our reach in the Indian market, we will also consider expanding our presence abroad.”

Managing director at Winter Capital Advisors, Anton Farlenkov, added that welcoming ADQ and QIC along with ETS Strategic Capital as co-investor “further strengthens the prospects of success for CollegeDekho”.

The value of edtech investment is poised to grow from $2.5 billion to $10bn in size in the next 5-10 years, he added.

“We see our investment in CollegeDekho as promising and well aligned with our strategy to expand our investment portfolio via dynamic, high-quality assets,” Farlenkov concluded.

 

Related articles

Still looking? Find by category:

Add your comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Disclaimer: All user contributions posted on this site are those of the user ONLY and NOT those of The PIE Ltd or its associated trademarks, websites and services. The PIE Ltd does not necessarily endorse, support, sanction, encourage, verify or agree with any comments, opinions or statements or other content provided by users.
PIE Live North America

Book your early bird tickets until 31 December 2022
28-29 March,2023 | The Brewery, London, UK

Register here