7th July 2024- CollegeDekho, a leading higher education services platform founded in 2015, has secured $9 million in an extended Series B funding round from existing investors through a special purpose vehicle (SPV). Although specific investor names were not confirmed by Inc42, Winter Capital Partners, ETS Strategic Capital, Calega, QIC, and Man Capital are noted as part of CollegeDekho’s investor roster.
The startup, which specializes in test preparation, college selection, and application assistance, maintains a valuation of $138 million following this latest funding. Known for its strategic expansions, CollegeDekho recently acquired ed-tech platforms Getmyuni and IELTSMaterial, followed by PrepBytes, as part of its growth strategy in 2022.
Since its inception, CollegeDekho claims to have counseled over 7 million students and collaborated with nearly 1,500 colleges. The platform has also attracted more than 160 million visitors across its higher education discoverability platforms.
Financially, the company reported a revenue of INR 239 crore in FY24, despite incurring a standalone loss of INR 120 crore in FY23. As of now, CollegeDekho is yet to file its financial statements for FY24 with the Ministry of Corporate Affairs.
Competing with prominent names like LeverageEdu, CollegeDunia, Embibe, and GetMyUni, CollegeDekho continues to strengthen its foothold in the competitive Indian education technology sector.
Conclusion
CollegeDekho’s latest funding round underscores its commitment to expanding its service offerings and enhancing its market presence in the higher education segment.
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