CarDekho Group has invested $10 million in CollegeDekho, an education technology platform. This investment shows that CarDekho wants to grow its online marketplaces beyond just car-related services.
The funding also shows CarDekho’s strong support for CollegeDekho, which is part of its larger classified business network.
With this new money, CollegeDekho plans to reach more Tier 2 and Tier 3 cities and expand its CollegeDekho Assured programme. This programme helps students choose industry-focused degree courses from partner universities. At present, CollegeDekho works with more than 2,000 colleges and universities across India.
The company said CollegeDekho saw nearly 170 million sessions last year and helped more than 4 million students with admission-related guidance.
“The investment aligns with the group’s strategy of creating digital platforms that enable access, discovery and informed decision-making at scale,” said Amit Jain, Co-founder and Chief Executive Officer of CarDekho Group.
He added that CollegeDekho helps improve education and job outcomes as India moves toward its Viksit Bharat 2047 goals.
“As we progress, after attaining profitability, this will accelerate our efforts to expand quality education and skilling pathways, leverage technology to improve student outcomes, and work closely with institutions to bridge the gap between education and employability,” CEO Ruchir Arora said.
CollegeDekho was started in 2015 by Ruchir Arora, Saurabh Jain, Rohit Saha and Rajiv Singh. It helps students find and connect with colleges by giving information about courses, admissions, exams and scholarships.
The platform also provides one-place application tools and personalised counselling to help students choose colleges in India as well as study options abroad.
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