CollegeDekho, the Indian ed tech platform, went through its round of Series B funding, where it has raised $8 million. The company’s existing investors, including GirnarSoft Education and Man Capital, including the other investors, raised the funding, who also raised a $2 million in the Series A round for the company in 2018.
GirnarSoft Education is the parent company of CollegeDekho, a startup based in Gurugram India, that helps the students to connect with different colleges so that they can choose the right college for their higher studies. A chatbot has been set on the app to respond to the basic queries from the students. The students can also refer to the website or the app for information to know more about various colleges in which they are interested, like their location, courses they offer, and the fee structure, etc. They can also track their exams, and the other activities going on in the colleges, through the CollegeDekho app.
The company has even hired over 3000 customer care executives to ensure that the users get access to all the information they want. Those executives also help the students with the recommendations for colleges according to their interest and knowledge.
The stats given by the company claims that it entertains more than five million sessions from students on the platform every month, and over 8000 students took the help of CollegeDekho for their college admissions last year.
With a seed funding of $1 million from GirnarSoft Education, Ruchir Arora founded the company in 2015, and since then, the company has raised $13 million. The company plans to use the capital to enhance the boundaries for the platform so that it can serve the users by connecting with more colleges and educational institutions in India as well as abroad.
The company aims to help those students who after completing high school, due to lack of knowledge, are not able to find the best suitable college for them. In fact, due to less literacy rate, the parents of those students suffer from the dilemma of opting for the right choice for their children.
CollegeDekho makes its profits by charging a minimal fee from the students. Last year, the calculated revenue for the company was $3.2 million, which is pretty impressive. The company has listed over 36,000 certified educational institutes on the CollegeDekho app.
Yashica is a Software Engineer turned Content Writer, who loves to write on social causes and expertise in writing technical stuff. She loves to watch movies and explore new places. She believes that you need to live once before you die. So experimenting with her life and career choices, she is trying to live her life to the fullest.