Total amount raised
$66 Millions
Latest funding date
7/1/2024
Location
CollegeDekho has successfully raised significant funding across multiple rounds, including a recent Series B round. The platform offers a comprehensive suite of services to assist students and parents in navigating the college admission process in India.
Keep reading to explore the intricacies of CollegeDekho's fundraising journey and the investors backing this innovative platform.
What Is CollegeDekho?
CollegeDekho, founded in April 2015, is headquartered in Gurgaon, Haryana, India. The platform was established by Rohit Saha, Ruchir Arora, and Saurabh Jain.
As India’s largest college discovery, enrollment, and learning platform, CollegeDekho connects students with colleges and provides professional guidance for college selection and career paths. It offers comprehensive information on colleges, courses, and examinations, and has introduced a Common Application Form for applying to multiple colleges.
With a workforce of 1001-5000 employees, CollegeDekho continues to enhance students' learning experiences and equip them with necessary skills for the job market.
How Much Funding Has CollegeDekho Raised?
- Seed Round
- Amount Raised: $1M
- Date: November 2015
- Lead Investors: GirnarSoft
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the platform and begin operations.
- Seed Round
- Amount Raised: $2M
- Date: April 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and reach.
- Series A
- Amount Raised: $2M
- Date: February 2018
- Lead Investors: GirnarSoft, Man Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance service offerings.
- Series B
- Amount Raised: $8M
- Date: May 2019
- Lead Investors: GirnarSoft, Man Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and expand market presence.
- Series B
- Amount Raised: $35M
- Date: September 2021
- Lead Investors: Calega, ETS Strategic Capital, Rockstone Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel expansion and strategic acquisitions.
- Series B
- Amount Raised: $9M
- Date: December 2022
- Lead Investors: Rockstone Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technological infrastructure and services.
- Series B
- Amount Raised: $9M
- Date: July 2024
- Lead Investors: WOO CollegeDekho SPV
- Valuation at Round: $138M
- Motivation Behind the Round: To support ongoing growth and operational costs.
Total Amount Raised: $66M. Current Valuation: $138M.
Key Investors
- WOO CollegeDekho SPV
- Details: WOO CollegeDekho SPV is a special purpose vehicle created specifically for investing in CollegeDekho. It played a significant role in the Series B funding round in July 2024.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: CollegeDekho.
- Rockstone Ventures
- Details: Rockstone Ventures is a venture capital firm that has been actively investing in high-growth startups. It participated in multiple Series B funding rounds for CollegeDekho.
- Investment Focus Areas: Technology, education, healthcare.
- Notable Investments: Not publicly disclosed.
- Calega
- Details: Calega is an investment firm known for its strategic investments in various sectors. It was a key investor in the Series B round in September 2021.
- Investment Focus Areas: Technology, finance, education.
- Notable Investments: Not publicly disclosed.
- ETS Strategic Capital
- Details: ETS Strategic Capital is the private equity arm of Educational Testing Service (ETS), focusing on investments that align with their mission in education.
- Investment Focus Areas: Education, technology, assessment tools.
- Notable Investments: Not publicly disclosed.
- GirnarSoft
- Details: GirnarSoft is a technology company that provides IT services and solutions. It has been a consistent investor in CollegeDekho since the seed round in 2015.
- Investment Focus Areas: IT services, technology, education.
- Notable Investments: CarDekho, CollegeDekho.
What's Next for CollegeDekho?
CollegeDekho stands at the cusp of significant growth opportunities. With a user base of over 7 million students and collaborations with nearly 1,500 colleges, the platform is well-positioned to expand its services in the higher education sector. The increasing demand for online education and test preparation services presents a vast market for CollegeDekho to tap into. Strategic acquisitions, such as those of GetMyUni and PrepBytes, further enhance its service offerings and market reach.
Future fundraising opportunities appear promising, with potential for additional Series C or later-stage funding rounds. The platform's substantial user base and recent successful funding rounds make it an attractive prospect for new investors. However, challenges such as financial sustainability and intense competition from other edtech players like LeverageEdu and CollegeDunia could pose hurdles. Maintaining service quality while scaling operations will be crucial for CollegeDekho's continued success.
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