Gurugram-based CollegeDekho closes Series B round after raising $35 million

Gurugram-based college admissions and higher education services platform CollegeDekho today announced it has closed its Series B funding round after raising $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.

According to a statement, CollegeDekho will utilize the raised funding to further improve its offerings for students and colleges both within India and abroad. Additionally, the startup will also focus on products and technology while growing new verticals like Ed-Fin-Tech, student accommodation, and coaching for higher education.

Apart from this, it is also looking to expand its study abroad services in global markets. The company will also use the funds raised for acquisitions and consolidation that make strategic sense.

Founded in July 2015 by Ruchir Arora with a mission to institutionalize students’ counseling in India. The platform connects prospective students with colleges using its proprietary technology and AI-based conversation bot.

Through its Common Application Form platform, Students can apply to multiple colleges with a single click. For Study Abroad students, CollegeDekho offers a full range of services from Profile Building, Test Preparation, to Application Assistance, University Selection, and Visa Assistance.

The company recently launched zero percent EMI-based education financing and insurance products to enable more and more students to get access to an education of their choice. 

Apart from students, It also helps colleges by making their admissions more efficient and predictable. The company plans to build services to help students with higher education coaching as well as student accommodation services.

"We believe that our sound business model, innovative products, our commitment to excellence in service delivery, and growing student base continue to help us win the trust of investors who have global exposure and experience in higher ed-tech," Ruchir Arora, founder & CEO of CollegeDekho, said.

CollegeDekgo previously had raised $26.5 million as part of its Series B round from Winter Capital, among other investors.

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