Online education firm CollegeDekho raises $26.5 million in Series-B funding

Apart from existing investor Man Capital, Rajiv Chaba and others also participated in this funding round. The company last raised $8 million in May 2019.

The firm said the new funds will help it add new verticals such as “ed-fin-tech and student housing” to its existing offerings. In addition it plans to expand internationally, enhance its investments in product and technology, improve its offerings to students and colleges. .

“We are excited to debut in India with an investment in CollegeDekho – one of the fastest growing education service providers in India, with exceptional traffic, currently estimated at 1.5 million visits per month. Around 52,000 colleges in India of which about 66 per cent are private educational institutions.We believe that India’s ed-tech industry is poised to reach $10 billion in size in the next 5-10 years as against the current market size of around 2.5 billion. We see this investment as promising and well aligned with our strategy to expand our investment portfolio through dynamic, high-quality assets,” said Anton Farlenkov, Managing Director, Winter Capital Advisors. ”

“We welcome Winter Capital, ETS and Kalega to the CollegeDekho family and thank MAN Capital and Rajeev Chaba for their continued trust in us. His global experience and valuable insights in ed-tech will be invaluable in our growth journey. With this fund-raising, we plan to expand into new geographies and business verticals while making our products and services even more endearing to our students and colleges,” said Ruchir, Founder and CEO, CollegeDekho. Arora said.

Ralph Taylor-Smith, managing director of ETS Strategic Capital, said the investment firm “will continue to identify and invest in companies both domestically and internationally whose mission and long-term vision align with ETS’s.” “We are delighted to further expand the ETS portfolio with this investment in serving the organization and focus on providing equitable education at all levels to all learners globally.

ETS Strategic Capital serves as the private equity investment and M&A execution arm for ETS, a global organization that conducts tests like TOEFL® and GRE®.

CollegeDekho’s ed-tech platform connects prospective students with colleges using its proprietary technology and its AI based conversation bot. CollegeDekho’s Common Application Form (CAF) platform also enables a student to apply to multiple colleges with a single click. Apart from this it also provides assistance and visa assistance to candidates seeking foreign education.