Amit Jain-led CarDekho Group invests $10 million in CollegeDekho

CarDekho Group has invested $10 million in Gurugram-based edtech platform CollegeDekho, marking a follow-on infusion and doubling down on its earlier bet on the company.

Founded in 2015 by Ruchir Arora, Saurabh Jain, and Rohit Saha, CollegeDekho operates an online platform that helps students discover colleges and courses, prepare for entrance tests, and navigate admissions in India and overseas. The platform has partnerships with more than 2,000 universities and colleges. It also runs CollegeDekho Assured, a programme that enables students to pursue industry-aligned degree courses with partner universities across India.

The fresh capital will be used to expand CollegeDekho’s presence in tier-II and tier-III cities, deepen engagement with educational institutions, and broaden its offerings. The company said it has become profitable. Last year, CollegeDekho claimed it recorded nearly 170 million sessions and guided more than 4 million students through admissions.

“As we progress, after attaining profitability, this will accelerate our efforts to expand quality education and skilling pathways, leverage technology to improve student outcomes, and work closely with institutions to bridge the gap between education and employability,” said Ruchir Arora, founder and chief executive of CollegeDekho.

CarDekho Group holds around a 40% stake in CollegeDekho. “Our continued investment in CollegeDekho reflects our conviction in its ability to democratise access to quality education, guidance, and skilling for students across the country,” said Amit Jain, co-founder and chief executive of CarDekho Group.

Founded in 2008 by Amit Jain and Anurag Jain, CarDekho Group operates platforms including CarDekho, BikeDekho, ZigWheels, InsuranceDekho, and Revv, spanning auto classifieds and financial services. The group reports nearly 50 million monthly active users and counts Peak XV Partners, Hillhouse Capital, CapitalG, Advent Group, LeapFrog, HDFC Bank, ICICI Bank, and Axis Bank among its backers. CarDekho became a unicorn in 2021 after a $250 million funding round valued the company at about $1.2 billion.

The investment in CollegeDekho comes a month after auto marketplace CarTrade Tech said it had ended discussions with Girnar Software to acquire CarDekho and BikeDekho.