In the online Edtech world, CollegeDekho, a top online platform that helps students to choose the right college, has announced debt funding of Rs. 40 crores from Recur club. This funding will be a great support for CollegeDekho in rapid growth and technological advancements to their endless operations that will go to on-ground admission season.
The company had raised Rs. 30 crore from Lighthouse Canton earlier this month. In the latest results, it reveals that 32.2 percent in revenue, increasing to Rs. 215.6 crore in FY2024 from Rs. 163 crore in FY2023. This rapid growth reveals the ability scale of operations and reinforcement leads to debt funding of Rs. 40 crore.
"India's higher education sector is poised for exponential growth, with its market size projected to triple from $55 billion in 2023 to $180 billion by 2035. At Recur Club, we recognize 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." Quoted by Eklavya Gupta, CEO and Co-founder of Recur Club.
The CEO and Co- Founder of CollegeDekho, Ruchir Arora, said that this round of funding is a strategic step to ensure they are fully prepared for the upcoming admission season and further. Their mission is to provide quality access, skill-focused higher education and to make informed decisions for the students. They believe with this funding they will be able to reach new heights and update the high value of partner institutions to students.
In the past seven years, CollegeDekho has a record of helping more than 200,000 college admissions members. Funding upswing of Rs. 5000 to its partner higher education institutions and CollegeDekho’s student guidance will pave the way for India’s higher education system.
