CollegeDekho.com raises $2 million in pre-Series A round from London-based Man Capital
CollegeDekho.com, a disruptive start-up in the field of higher education, has raised $2 million in pre-series A funding from London-based Man Capital. The investment comes just four months after securing $1 million from GirnarSoft, the parent company of CarDekho.com.
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Will invest in marketing and upgrading tech to disrupt higher education space
CollegeDekho.com helps students make informed decision about their career through counseling. With a database of 22,000 colleges, it connects students to relevant colleges. The startup leverages technology to curate the best results for a candidate.
On the platform, students are also equipped with plenty of authentic, comprehensive and unbiased information to make a more intelligent and informed decision on their higher education. Some of the unique features on the app include step-by-step search tool that uses basic interests to figure out appropriate colleges and chat forums for prospective/enrolled students of the same college. It provides information on a variety of entrance exams and determines cutoffs for their desired courses.
Speaking on the investment, Ruchir Arora, founder and CEO, CollegeDekho.com, said, “We launched CollegeDekho.com 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 latest funding received from Man Capital is a stamp of approval to our approach. It will help us to provide better service offerings.”
The funding 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.
Speaking on the investment, Loutfy Mansour, CEO, Man Capital, said, “India is one of the important startup hubs of the world. As such, we were on the lookout for an Indian venture that was not only a pioneer in its segment, but also had the potential to become a global leader in the near future. We believe that CollegeDekho.com, with its tech-oriented approach and disruptive impact on the country’s higher education landscape, ticked all the right boxes.”
Man Capital is an investment arm of Mansour Group. The CollegeDekho.com funding marks the firm’s first foray in the Indian startup industry.
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