CollegeDekho.com, an online platform connecting colleges and students has raised $2 Mn in Pre-Series A round of funding from London-based Man Capital, the investment arm of the Mansour Group. This is the Mansour Group’s first investment in an Indian startup.
The investment comes just four months after securing $1 Mn from GirnarSoft, the parent company of CarDekho.com.
Founded by Ruchir Arora and Arshinder Randhawa, CollegeDekho, provides a transparent and open platform that facilitates interaction between students and colleges. The startup helps students discover the right career choices.
CollegeDekho’s unique features include step-by-step college search – this suggests colleges based on simple student inputs, and, ‘my future buddies’ – a platform that connects all prospective students of a college, even before they join the college.
Besides, the startup also provides information on a variety of entrance exams and determines cutoffs for their desired courses. Currently, it has a database of 22,000 colleges.
Ruchir Arora, founder and CEO of CollegeDekho.com, said, “We launched CollegeDekho with an aim to fundamentally change and improve the journey of college selection process for students. All this has been enabled through our dedicated focus on building a robust service network as well as better unit economics and revenue streams.”
The raised capital will be used for building robust technology, ramping up the team, increasing marketing activities, and onboarding more colleges.
“We have made considerable progress in our approach towards making the technology extremely intuitive and user focused. One of the popular features in our product is college recommendations, that understands the profile of a student and suggests appropriate colleges,” said Prateek Kumar, Chief Product Officer, CollegeDekho.com.
Welcome to Flash Feed, your essential source for breaking news and innovation from around the web – bite-sized and updated all day.