Indian edtech startup CollegeDekho raises $8m in funding

CollegeDekho.com, run by Girnarsoft Education Services Pvt. Ltd, has received funding of $8 million, the ed-tech startup said on Tuesday. The investors include Girnarsoft and London-based Man Capital LLP.

In April 2016, both the investors had led a $2 million pre-Series A round in CollegeDekho.

The ed-tech startup helps students connect with prospective colleges and courses across India. It also provides information on competitive and entrance exams, besides allowing students to apply for such tests through its website.

Ruchir Arora, chief executive officer, CollegeDekho, said over phone that the company will use the fresh capital to invest in its technology infrastructure, besides expanding to new regions, and for research and development.

“Even today, there are some 1.4 million students that take IIT-JEE entrance exams. And throughout my experience in education, I’m sure that at least 20-30% of them may have wished to be a designer or enter the creative field. Our goal is to intervene here and help guide those 20-30% students,” said Arora.

CollegeDekho provides information about courses from over 36,000 educational institutions, he said. It has also tied up with 400 institutions to offer a common application form (CAF) feature, which can be used by students to apply to multiple colleges using a single form.

Arora said cheap mobile data has helped increase traffic on the company’s site by 300-400% annually, in the last two years. Girnarsoft’s capital infusion into CollegeDekho comes at a time when education startups in India have seen an uptick in investor attention, mostly from foreign investors.

Mint had reported on Monday that Eupheus Learning is in advanced talks to raise $10-$15 million for its Series A round. Bengaluru-based Byju’s had raised $540 million in a round led by South African internet giant Naspers. Its valuation currently exceeds over $5 billion.

This article was first published on livemint.com.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.