CollegeDekho secures Rs 40 Cr funding from Recur Club

Here’s a structured summary of the information from the text about CollegeDekho:

CollegeDekho Overview

• Startup: CollegeDekho
• Founders:
  • Ruchir Arora
  • Rohit Saha
  • Saurabh Jain
• Founded: 2015

Fundraising Details

1. Latest Funding Round:

   • Type: Structured debt funding
   • Amount: ₹40 crore
   • Investor: Recur Club
   • Date: October 2023 (assuming "Early in this month" refers to October)

2. Previous Funding Round:

   • Type: Series B
   • Amount: ₹30 crore (approx. $3.5 million)
   • Investor: Lighthouse Canton
   • Date: October 2023
3. Series B Funding Round:
   • Amount: $35 million
   • Lead Investors:
     • Winter Capital
     • ETS Strategic Capital
     • Calega
     • Man Capital
   • Date: December 2021

Purpose of Funding

Funds will be used for:

• Driving growth
• Enhancing technological advancements
• Preparing for the upcoming admission season

Company Highlights

• Provides information about colleges, courses, and careers.
• Offers B2B solutions to colleges for digital marketing and student recruitment.
• Claims to have facilitated over 200,000 college admissions and provided guidance to nearly 4 million students.

Financials

• Saw a revenue increase of 32.2%:
  • FY24 Revenue: ₹215.6 crore
  • FY23 Revenue: ₹163 crore

Market Insight

• Projected growth of India’s higher education sector from $55 billion in 2023 to $180 billion by 2035.

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2025-04-29 06:59:49