CollegeDekho Secures Rs 40 Crore Funding for Growth

CollegeDekho, a leading online platform aiding students in selecting appropriate colleges, has successfully acquired a structured debt funding amounting to Rs 40 crore from the debt marketplace Recur Club. Earlier this month, the platform obtained Rs 30 crore (approximately $3.5 million) from Lighthouse Canton. In December 2021, CollegeDekho had also finished a $35 million Series B funding round with contributions from Winter Capital, ETS Strategic Capital, Calega, and Man Capital.

Investment Purpose and Goals

The funds will be channelled towards propelling growth, advancing technology, and streamlining operations as CollegeDekho prepares for the approaching admission season, as stated in a recent press release.

About CollegeDekho

Co-founded in 2015 by Ruchir Arora, Rohit Saha, and Saurabh Jain, CollegeDekho provides an online platform for college discovery, enrollment, and learning. The platform supplies students with vital information about colleges, courses, and careers, facilitating their quest for suitable programs. In addition to supporting students, CollegeDekho offers business-to-business (B2B) solutions for colleges, featuring digital marketing and student recruitment services.

Enhancing Education with Future Skills

This platform empowers universities and colleges to deliver degrees focused on future skills, thereby improving the learning experience of students and equipping them with the capabilities needed to excel in the job market.

Support from Recur Club

Eklavya Gupta, co-founder and CEO of Recur Club, expressed, “We acknowledge the essential contribution of platforms like CollegeDekho, which strive to advance higher education guidance in India. Our support for CollegeDekho underscores our dedication to fostering growth strategies that benefit educational institutions.”

Market Insights

According to market analysis, India’s higher education sector is expected to expand significantly, projecting an increase from $55 billion in 2023 to $180 billion by 2035.

CollegeDekho’s Achievements

Over the years, CollegeDekho claims to have provided data on more than 35,000 colleges and a range of courses. In the past year alone, it recorded in excess of 225 million website sessions and offered free guidance to nearly 4 million students, aiding 60% of India’s admissions to private colleges. Additionally, it has facilitated over 200,000 college admissions within the last seven years, contributing over Rs 5,000 crore in fee income to its associated higher education institutions.

Financial Growth

In its most recent financial results, CollegeDekho reported a remarkable 32.2% rise in revenue, reaching Rs 215.6 crore in FY24, up from Rs 163 crore in FY23.