The online higher education platform, CollegeDekho, has recently disclosed the successful completion of its Series B funding round, raising a total of $35 million. This funding round was spearheaded by Winter Capital, ETS Strategic Capital, Calega, and featured participation from existing investors Man Capital, Disrupt ADQ, and QIC.
The freshly injected capital will primarily be directed towards enhancing the platform’s product offerings, catering to both colleges and students in India and abroad. Additionally, the company intends to use the funds for strategic acquisitions and consolidation efforts.
Ruchir Arora, the founder and CEO of CollegeDekho, shared his perspective on the recent infusion of capital, stating, “We will expand our team and platforms to serve a larger number of students and colleges. We will also increase our investment in products and technologies, while fueling our growth in new areas such as education loans, student accommodation, and coaching for higher education.”
Established in 2015, CollegeDekho operates as an online learning platform, providing a comprehensive range of services, including profile building, test preparation, application assistance, university selection, and visa support. The platform recently introduced zero-percent EMI-based education financing and insurance products to enable greater access to education options for students.
Reflecting on their recent investment, Anton Farlenkov, Managing Director at Winter Capital Advisors, remarked, “Edtech is poised to reach $10 billion in size in the next 5-10 years, from about $2.5 billion today. We see our investment in CollegeDekho as promising and well-aligned with our strategy to expand our investment portfolio via dynamic, high-quality assets.”
