Education startups have been in the news a lot of late. While most of the edtech startups that raised funding so far were about imparting knowledge on subjects, CollegeDekho is a little different portal.
CollegeDekho is an online portal that connects institutes to potential students.
It allows students to make an educated course and college choice by providing the much-needed transparency. It allows the students to search from its database of 22,000 colleges and even allows to students to connect with their future batchmates once the college has been decided. The portal also provides exhaustive details about the cutoffs of various entrance examinations.
The startup has just raised $2 Million in pre-series A funding round from Man Capital. London-based Man Capital is the investment wing of Mansour Group and this is the companies first investment in an Indian Startup. This isn’t the first investment received by CollegeDekho this year as it earlier raised $1 Million from GirnarSoft. Interestingly, GirnarSoft is the parent company of CarDekho.
The capital raised will be utilized by CollegeDekho to improve the technology stack, college onboarding, expanding the reach and marketing activities. CEO of CollegeDekho, Ruchir Arora said in a statement:
We launched CollegeDekho 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 Chief Product Officer of CollegeDekho, Prateek Kumar added:
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.
It will be interesting to see how the team goes about its monetization process and if they have something more to offer.