CollegeDekho secures Rs 40 Cr debt funding from Recur Club

Entrackr · 1d

CollegeDekho secures Rs 40 Cr debt funding from Recur Club CollegeDekho, an online platform that helps students choose the right college, has secured a structured debt funding of Rs 40 crore from debt marketplace Recur Club. Early in this month, the company had raised Rs 30 crore (around $3.5 million) from Lighthouse Canton. In December 2021, it also closed a $35 million Series B round led by Winter Capital, ETS Strategic Capital, Calega, and Man Capital. The proceeds will be allocated towards driving growth, enhancing technological advancements, and ensuring operations as the company prepares for the upcoming admission season, CollegeDekho said in a press release. Co-founded in 2015 by Ruchir Arora, Rohit Saha, and Saurabh Jain, CollegeDekho offers an online platform for college discovery, enrollment, and learning. The company provides students with information about colleges, courses, and careers, and helps them find suitable programs. The platform also offers B2B solutions to colleges, including digital marketing and student recruitment services. It helps universities and colleges to offer future-skill-orientated degrees, thereby enhancing the student’s overall learning experience and equipping them with the necessary skills to thrive in the job market. “At Recur Club, we recognise the crucial role of platforms like CollegeDekho, which is dedicated to enhancing higher education guidance in India. Supporting CollegeDekho highlights our commitment to promoting growth strategies that benefit educational institutions,” said Eklavya Gupta, co-founder & CEO of Recur Club. As per market research, India's higher education sector is projected to triple from $55 billion in 2023 to $180 billion by 2035. Over the years, CollegeDekho claims to have 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. It has facilitated 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. In its latest financial results, CollegeDekho saw a 32.2% increase in revenue to Rs 215.6 crore in FY24 from Rs 163 crore in FY23.