In yet another round, the Indian edtech company CollegeDekho amasses USD 8 million and plans to utilize the fund to expand presence in more schools and connect students with global institutions.
The edtech start-up is part of GirnarSoft Education and based in Gurgaon, Haryana. GirnarSoft Education and Man Capital, a London-based private equity investor led the two rounds of financing and have raised USD 13 million so far in two rounds. Round one of capital raising happened last year. Besides, utilizing the fund to expand its services in more schools, CollegeDekho will also ramp its R&D efforts to remain relevant in swiftly expanding edtech market.
CollegeDekho, Hindi for search for college, maintains a website that helps students identify the right career choices for them. The website uses chatbots to answer students’ questions pertaining to topics such as the kind of colleges they are searching for, their preferred location and budget. The start-up also has about 3,000 call centre representatives and counsellors, who builds profiles of students to make college recommendations.