Edtech start-up CollegeDekho has secured Rs 40 crore funding from debt marketplace Recur Club. The fresh capital is set to fuel CollegeDekho’s growth plans and drive further innovation in the edtech and higher education space, the company said in an official statement on Tuesday.
The investment not only provides a boost for CollegeDekho’s expansion and brand-building efforts but also reaffirms the confidence in its vision of simplifying college decisions and empowering the next generation of students and educators.
“India's higher education sector is poised for exponential growth, with its market size projected to triple from $55 billion in 2023 to $180 billion by 2035. At Recur Club, we recognise the crucial role of platforms like CollegeDekho, which is dedicated to enhancing higher education guidance in India,” said Recur Club CEO Eklavya Gupta.
CollegeDekho CEO and cofounder Ruchir Arora said this funding round is a strategic step to ensure that the company is fully prepared for the upcoming admission season and beyond.
“Our mission has always been to provide access to quality, skill-focused higher education and empower students to make informed decisions. With this funding, we believe that we will be able to scale new heights and deliver value to our students and partner institutions,” he added.
In its latest financial results, the edtech revealed a 32.2% increase in revenue, rising to Rs 215.6 crore in FY24, up from Rs 163 crore in FY23. This impressive growth reflects the company's ability to scale its operations and reinforces the strategic timing of the Rs 40 crore debt funding.
Founded by Ruchir Arora, Rohit Saha and Sourabh Jain in 2015, CollegeDekho was started for students to get guidance to reach the right college and for colleges to teach them better.
It has a track record of facilitating over 200,000 college admissions in the last seven years, contributing upwards of Rs 5,000 crore in fee income to its partner higher education institutions.
Over the years, the platform has offered data on over 35,000 colleges and various courses. In the past year alone, it recorded more than 225 million website sessions and provided free guidance to nearly 4 million students, helping 60% of India’s private college admits.
