Gurugram-based edtech startup CollegeDekho has raised USD $26.5 million (Rs 200 crore) in as part of its oversubscribed series B funding round led by Winter Capital Partners, ETS Strategic Capital – the private equity investments arm of ETS, Calega, and existing investor Man Capital and Rajeev Chaba.
With this round of funding, the firm intends to strengthen its services for students and colleges, increase product and technology investment, expand worldwide, and create new verticals such as Ed-Fin-Tech and Student Accommodation.
"With this fundraise, we plan to invest in making our products and services even more lovable for our students and colleges, as well as expand into new geographies and business verticals,” according to Ruchir Arora, Founder & CEO – CollegeDekho
“CollegeDekho is at an exciting phase of growth in its mission to connect students and colleges across geographies. We welcome Winter Capital, ETS, and Calega to the CollegeDekho family and thank Man Capital and Rajeev Chaba for their continued trust in us. Their global experience and precious insights in Ed-Tech shall be invaluable in our growth journey. The tremendous response we are seeing from students, parents, and colleges continue to energize us to build world-class products and services for them. All of this would not have been possible without the passion and commitment of the CollegeDekho family," Arora said.
CollegeDekho's Ed-Tech platform uses proprietary technology and an AI-based conversation bot to connect prospective students with universities. It is India's largest platform for college admissions and educational services.
The platform owns India's largest Common Application Form (CAF) portal, which allows students to apply to several universities in one go. CollegeDekho provides a full variety of services for Study Abroad students, including profile building, test preparation, application assistance, university selection, and visa assistance.
CollegeDekho has recently released revolutionary 0% EMI-based education financing and insurance packages to help more students have access to the education they want.
“We continue to identify and invest in companies both domestically and internationally whose missions and long-term vision align with that of ETS,” said Ralph Taylor-Smith, Managing Director of ETS Strategic Capital.
“We’re pleased to further expand the ETS portfolio with this investment in service of the organization and focus on making equitable education available to all learners at all stages, globally,” concluded Ralph
IBIS Capital, a specialist investment and corporate finance advisory group focused on the global media and education sector, and Cilix Capital, an international investment banking firm that assists companies as well as institutional investors, advised on this Series B funding round.
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