CollegeDekho, an Indian edtech startup providing a gamut of higher education services including test preparation, college selection, application assistance and financial assistance, announced recently that it has raised $9 million (INR 73.3 Cr) as part of an ongoing funding round from its existing investor Winter Capital Partners.
According to the startup, the fresh capital will be used to scale its operations and to keep moving towards its “vision of creating a globally trusted student guidance ecosystem”.
Last December, CollegeDekho closed its Series B round at $35 million. The round was led by Winter Capital, ETS Strategic Capital—the private equity investments arm of ETS (creator of the TOEFL tests and GRE tests), Calega, and existing investor Man Capital. The latest round is reported to be an addition to its Series B round.
Founded in 2015 by Ruchir Arora, Saurabh Jain, Rohit Saha, and Rajiv Singh, the startup had raised a total of $47 million prior to this round, as per Tracxn. The company said that the Series B funds will also be used for acquisitions and consolidation. Subsequently, CollegeDekho bought three startups—IELTSMaterial, Getmyuni, and PrepBytes.