Online education company CollegeDekho raises $ 26.5 million in Series B funding

NEW DELHI : CollegeDekho, a college admissions and education services platform, said on Wednesday it had raised $ 26.5 million (roughly Rs.200 crore) in ongoing Series B funding led by Winter Capital Partners and ETS Strategic Capital.

Besides existing investor Man Capital, Rajeev Chaba and others also participated in this round. The company last raised $ 8 million in May 2019.

The company said the new funds would help it add new verticals such as “Ed-Fin-Tech and student housing” to its existing offerings. In addition, it plans to improve its offerings for students and colleges, increase its investments in products and technology, and expand internationally. .

“We are delighted to make our debut in India with an investment in CollegeDekho – one of the fastest growing educational service providers in India, with exceptional traffic, currently estimated at 1.5 million visits per month. India has about 52,000 colleges, of which about 66% are private educational institutions. We believe India’s Ed-Tech industry is on track to reach $ 10 billion in the next 5-10 years, compared to the current market size of around $ 2.5 billion. . We see this investment as promising and well aligned with our strategy of expanding our investment portfolio through dynamic and high quality assets, ”said Anton Farlenkov, Managing Director of Winter Capital Advisors.

“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 valuable Ed-Tech knowledge will be invaluable in our growth journey. With this fundraising, we plan to invest to make our products and services even more attractive to our students and colleges, as well as to expand into new geographies and new business sectors, ”said Ruchir Arora. , founder and CEO of CollegeDekho.

Ralph Taylor-Smith, Managing Director of ETS Strategic Capital, said the investment firm “will continue to identify and invest in national and international companies whose missions and long-term vision align with those ETS “. the ETS portfolio with this investment in the service of the organization and focus on providing equitable education for all learners at all stages, in the world ”, he added.

ETS Strategic Capital serves as the private equity investment and M&A execution arm for ETS, the global body that conducts exams like the TOEFL® and GRE®.

CollegeDekho’s ed-tech platform connects potential students with colleges using its proprietary technology and AI-based chat bot. CollegeDekho’s Common Application Form (CAF) platform also allows a student to apply to multiple colleges with just one click. In addition, it also offers support to foreign education applicants and provides visa assistance.

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