Gurugram-based CollegeDekho raises Rs 40 crore in debt from Recur Club; here's why

Gurugram-based higher education services startup CollegeDekho has raised Rs 40 crore in debt from Recur Club, a debt marketplace for high-growth businesses.

The startup said the funding will be crucial in driving growth, enhancing technological advancements, and ensuring seamless operations as it prepares for the upcoming admission season.

"India's higher education sector is poised for exponential growth, with its market size projected to triple from $55 billion in 2023 to $180 billion by 2035. At Recur Club, we recognise the crucial role of platforms like CollegeDekho, which is dedicated to enhancing higher education guidance in India," said Eklavya Gupta, Co-founder and CEO of Recur Club.

What does CollegeDekho do?

CollegeDekho was started by Ruchir Arora (CEO and Co-Founder), Rohit Saha (Co-Founder), and Saurabh Jain (Co-Founder) in 2015, for students to get guidance to reach the right college and for colleges to teach them better.

The startup has a Common Application Form that enables students to apply to thousands of colleges using a single form, helping the students save time, money, and effort required while submitting individual forms. By empowering them with valuable insights, students are enabled to make well-informed decisions regarding colleges, courses, and career trajectories.

Additionally, it helps universities and colleges to offer future-skill-orientated degrees, thereby enhancing the student's overall learning experience and equipping them with the necessary skills to thrive in the job market.

Market presence

CollegeDekho claims to have a database of information on 35,000+ colleges and numerous courses. Last year, the platform generated over 225 million website sessions.

From the financial growth perspective, the startup revealed a 32.2% increase in revenue, rising to Rs 215.6 crore in FY24, up from Rs 163 crore in FY23.

"Our mission has always been to provide access to quality, skill-focused higher education and empower students to make informed decisions. With this funding, we believe that we will be able to scale new heights and deliver value to our students and partner institutions," said Ruchir Arora.