CollegeDekho Secures $9 Million in Extended Series B Funding from Existing Investors
Gurugram-based higher education services startup CollegeDekho has raised $9 million in its extended Series B funding round, led by its existing investors through a special purpose vehicle (SPV), according to an Inc42 report.
This latest investment brings CollegeDekho’s total funding to over $90 million. The startup previously raised $9 million from Janeville Limited in December 2022. In December 2021, CollegeDekho secured $35 million from investors including Winter Capital, ETS Strategic Capital (the private equity arm of ETS, the creator of the TOEFL and GRE tests), Calega, and existing supporter Man Capital.
Founded in 2015 by Ruchir Arora, Saurabh Jain, Rohit Saha, and Rajiv Singh, CollegeDekho provides various services in the higher education sector, such as test preparation, college discovery, selection, guidance, and enrollment. The startup has acquired four companies: ImaginXP, PrepBytes, GetMyUni, and Scholarship Facilitation Services. It claims to have counseled over 7 million students and partnered with nearly 1,500 colleges. Its higher education platforms have attracted over 160 million visitors.
In the financial year 2023-24 (FY24), CollegeDekho reported a revenue of ₹239 crore. In FY23, the startup incurred a standalone loss of ₹120 crore on a revenue of ₹141 crore.