CollegeDekho, a prominent platform offering higher education services, has secured $9 million in its extended Series B funding round from its existing investors. Although the specific investors were not disclosed, sources indicate they participated through a special purpose vehicle (SPV).
Among the known existing investors are Winter Capital Partners, ETS Strategic Capital, Calega, QIC, and Man Capital. The funding round has valued CollegeDekho at $138 million, maintaining its valuation from the previous round.
Founded in 2015 by Ruchir Arora, Saurabh Jain, Rohit Saha, and Rajiv Singh, CollegeDekho provides comprehensive services in higher education, including test preparation, college selection, and application assistance. The platform has expanded its footprint through strategic acquisitions, including Getmyuni, IELTSMaterial, and PrepBytes in 2022, amounting to approximately INR 50 crore.
CollegeDekho claims to have counseled over 70 lakh students and collaborated with nearly 1,500 colleges, attracting more than 16 crore visitors across its platforms. The startup has raised a total of over $90 million in funding to date.
In the fiscal year 2023-24, CollegeDekho reported revenues of INR 239 crore. However, the startup incurred a standalone loss of INR 120 crore in the previous fiscal year, FY23. The financial statements for FY24 are pending filing with the Ministry of Corporate Affairs.
CollegeDekho competes with industry players such as LeverageEdu, CollegeDunia, Embibe, and GetMyUni in the dynamic higher education services market.