CollegeDekho Secures Rs 30 Crore to Advance Its Services

CollegeDekho, an expert platform designed to aid students in selecting the appropriate college, has successfully raised Rs 30 crore, equivalent to approximately $3.5 million, from Lighthouse Canton.

In December 2021, CollegeDekho had completed a notable $35 million Series B funding round led by Winter Capital, ETS Strategic Capital, Calega, and Man Capital.

The newly acquired funds will be directed towards enhancing technology, broadening its reach, and gearing up for the forthcoming admission season.

Founded by Ruchir Arora, CollegeDekho has successfully assisted over two lakh students in gaining admission to Indian colleges over the past seven years. The platform also collaborates with universities to provide skill-focused degree programmes.

Strengthening Leadership at CollegeDekho

To bolster its leadership team, CollegeDekho has recently recruited two seasoned professionals. Arshad Mumtaz has been appointed as the chief operating officer of the retail business, bringing nearly 30 years of experience to the role. Meanwhile, Deep Prakash has joined as the Head of Sales for the retail business and GetMyUni, contributing over 20 years of expertise in sales and growth strategies.

Financial Growth and Challenges

According to various reports, CollegeDekho’s operational revenue surged to Rs 216 crore in FY24, up from Rs 163 crore the previous fiscal year (FY23). Despite this growth, the company’s losses remained stable at Rs 129 crore in the last fiscal year.