Collegedekho raises $9 million in funding from existing investors: Report

Gurugram-based higher education services startup Collegedekho has reportedly raised $9 million as part of its extended Series B funding round led by existing investors.

According to an Inc42 report, the investors invested in the startup via a special purpose vehicle (SPV).

Backed by notable investors

Prior to this, the startup raised $9 million in funding from Janeville Limited in December 2022. The latest investment brings its all-time raise to over $90 million. 

In December 2021, It raised $35 million from Winter Capital, ETS Strategic Capital - the private equity investments arm of ETS (creator of the TOEFL® tests and GRE® General Test), Calega and existing backer Man Capital.

Some of its notable investors are Winter Capital Partners, ETS Strategic Capital, Calega, QIC, and Man Capital.

Who are the founders?

Founded in 2015 by Ruchir Arora, Saurabh Jain, Rohit Saha, and Rajiv Singh, CollegeDekho provides a range of services in the higher education segment, including test preparation, college discovery, selection, guidance, and enrolment.

Since its inception, the startup has made four acquisition, including ImaginXP, PrepBytes, GetMyUni, and Scholarship Facilitation Services.

It claims to have counselled more than 7 million students till date and worked with close to 1,500 colleges. It also claims to have got more than 16 crore  visitors on its multiple higher education discoverability platforms.

Is it profitable?

The report further said that CollegeDekho reported a revenue of Rs 239 crore in the financial year 2023-24 (FY24). In FY23, the startup reported a standalone loss of Rs 120 crore on a revenue of Rs 141 crore.