Gurugram-based CollegeDekho, a platform for college admissions and education services, has raised $26.5 million (Rs 200 crore) in a Series B funding round headed by Winter Capital Partners, ETS Strategic Capital, Calega, and previous investors Man Capital and Rajeev Chaba.
According to CollegeDekho, it has already developed zero percent EMI-based education financing and insurance options to help more students receive the education they want.
Ruchir Arora, Founder and CEO, CollegeDekho, said “CollegeDekho is at an exciting phase of growth in its mission to connect students and colleges across geographies. 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 precious insights in edtech shall be invaluable in our growth journey. The tremendous response we are seeing from students, parents, and colleges continues to energise us to build world-class products and services for them. All of this would not have been possible without the passion and commitment of the CollegeDekho family.”
Anton Farlenkov, Managing Director at Winter Capital Advisors, said, “We are excited to be making a debut in India with an investment in CollegeDekho – one of the fastest-growing education service providers in India. India has about 52,000 colleges, of which around 66 percent are private educational institutions. We believe that India’s edtech industry is poised to reach $10 billion in size in the next 5-10 years, compared to the current market size of about $2.5 billion. We see this investment as promising and well aligned with our strategy to expand our investment portfolio via dynamic, high-quality assets.”