Higher Education Service Provider Platform CollegeDekho raises $35 million in Series B round of funding

• ByTejika Bajaj     |    December 2, 2021

Online higher education platform CollegeDekho recently announced that it raised an aggregate amount of $35 million in its Series B round of funding. The round was led by Winter Capital, ETS Strategic Capital, Calega, existing investors Man Capital, Disrupt ADQ and QIC.

The recently infused capital would be utilized by the platform primarily for improving its product offerings for colleges and students in both India and abroad. Further the company also plans to utilize the funds for acquisition and consolidation that make strategic sense.

Stating his views on the recent capital infusion, the founder and CEO of CollegeDekho, Ruchir Arora expressed, “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 fuelling our growth in our new verticals such as education loans, student accommodation and coaching for higher education.”

Founded in 2015, CollegeDekho is an online learning platform which offers a full range of services from profile building, test preparation, application assistance, university selection and visa assistance. It recently launched zero percent EMI-based education financing and insurance products to enable more and more students to get access to an education of their choice.

Talking about their recent investment, the Managing Director at Winter Capital Advisors, Anton Farlenkov said, “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.” 

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