CollegeDekho, college admissions and higher education services ecosystem, has received a fresh infusion of $9 million from its existing investor – Winter Capital Partners (WCP) in an ongoing round.
According to reports, edtech funding will drop by 39 per cent in 2022 compared to last year.This fresh infusion of funds by existing investors is a testament to the accelerated revenue growth and future outlook of CollegeDekho.
The company’s revenues reached nearly Rs 100 crore in FY22, and it is on track to double them in the coming financial year while also turning EBITDA positive.
Speaking on the eve of this funding, Ruchir Arora, CEO and Co-founder of CollegeDekho, said, “Having built a solid foundation, and with the backing of a fantastic team and our investors, we are aiming to double our revenue in the coming fiscal year. CollegeDekho started with a vision of building a globally trusted education ecosystem and today we are more confident than ever that we are well on our path to do so.”
CollegeDekho raised $35 million in Series B last November. That round of funding was led by Winter Capital, ETS Strategic Capital, the private equity investment arm of ETS, Calega, Man Capital, Disrupt ADQ and QIC. Prior to this fresh round of funding, CollegeDekho had raised over $45 million in funding.
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