Exclusive: CollegeDekho Raises $9 Mn From Existing Investors

Exclusive: CollegeDekho Raises $9 Mn From Existing Investors

SUMMARY

While Inc42 couldn’t verify the name of the investors, sources said that CollegeDekho’s existing investors invested in the startup via a special purpose vehicle

Winter Capital Partners (acquired by Rockstone Ventures), ETS Strategic Capital, Calega, QIC, and Man Capital are among the existing investors of the startup

Founded in 2015, CollegeDekho provides higher education services, like test preparation, college selection, and application assistance, and has raised over $90 Mn till date

Higher education services platform CollegeDekho has raised $9 Mn from its existing investors in its extended Series B round, sources told Inc42.

While Inc42 couldn’t verify the name of the investors, the sources said that CollegeDekho’s existing investors invested in the startup via a special purpose vehicle (SPV).

Winter Capital Partners (acquired by Rockstone Ventures), ETS Strategic Capital, Calega, QIC, and Man Capital are among the existing investors of the startup.

CollegeDekho raised the latest funds at a valuation of $138 Mn, unchanged from its last valuation.

The startup last raised $9 Mn from Winter Capital Partners in its Series B funding round in December 2022.

A detailed questionnaire sent to CollegeDekho on the latest funding round didn’t elicit any response till the time of publishing this story. 

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

The startup expanded its business by making a few acquisitions in 2022. In February 2022, it announced acquisition of edtech platforms Getmyuni and IELTSMaterial at around INR 50 Cr. Just a month after this, it acquired PrepBytes in a cash and equity deal to scale up its offerings. 

CollegeDekho claims to have counselled more than 70 Lakh students till date and worked with close to 1,500 colleges. The startup also claims to have got more than 16 Cr visitors on its multiple higher education discoverability platforms.

Overall, CollegeDekho has raised a total funding of over $90 Mn till date. 

The startup clocked a revenue of INR 239 Cr in the financial year 2023-24 (FY24), Inc42 has learnt. In FY23, it incurred a standalone loss of INR 120 Cr on a revenue of INR 141 Cr. 

It is pertinent to note that the startup is yet to file its financial statements for FY24 with the Ministry of Corporate Affairs.

CollegeDekho competes against the likes of LeverageEdu, CollegeDunia, Embibe, and GetMyUni

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