Online education startup CollegeDekho, a college comparing platform for students all around the country has raised $2 million funding from ManCapital, GirnarSoft and other investors as part of its third round of funding.
According to CollegeDekho, they will use this funding to make healthy advancements in their technology, expand partnerships with international colleges and to increase its marketing activities, that will include more offline campaigns.
“This round of funding is the reiteration of the trust our investors have in our vision and a clear indication that we are on the right path to success,” Ruchir Arora, CEO and co-founder, CollegeDekho, said.
Nikhil Malik, Partner, ManCapital said: “The education sector is poised for further growth and we believe there remains a lot of talent in the country that can benefit from improved support. CollegeDekho strives to identify students’ optimal education path so as to make a difference in the future.”
Gurugram-based, CollegeDekho was an idea of Ruchir Arora and Arshinder Randhawa, who wanted to create an interactive window for students that can provide full-fledged details of colleges, their structures, the tuition fee etc. CollegeDekho lets you compare and choose from the available list of colleges in all the streams. It also has a study abroad option that lets the user explore its options from outside the country. Basically, the website helps the scholar to choose a better career path.
Previously in 2015 and 2016, CollegeDekho raised around $1 million from Girnar Soft, parent company of India’s leading online automobile marketplace CarDekho.com and around $2 million in pre-Series A funding from London-based Man Capital. It used its funds in bettering its proprietary and different technology platform to match student preferences to potential colleges.
The Girnar Soft’s funding in 2015 is the seed funding of the startup, with more funds that were expected to be raised in the due course of time. In relation to the funding done by ManCapital in 2016, its CEO Loutfy Mansour commented that “India is one of the important startup hubs of the world. We believe that CollegeDekho.com, with its tech-oriented approach and disruptive impact on the country’s higher education landscape, ticked all the right boxes.”
With more than 35,000 colleges in its database, CollegeDekho is helping students with college information. The ed-tech company is situated in 5 cities in north India namely in Patna, Ranchi, Lucknow, Guwahati & Srinagar where they guide students pursuing higher education in India.
CollegeDekho has been consistent in improving their services since its launch in 2015. It is by far the most entertained college surfing website by the students in India.