CollegeDekho raises $2 million
1 min read . Updated: 18 Apr 2016, 03:49 PM ISTCollegeDekho will use the funding to invest in technology, and in hiring and marketing activities
Bengaluru: CollegeDekho.com, run by Girnarsoft Education Services Pvt. Ltd., on Monday said it has raised $2 million in pre-series A funding from London-based Man Capital, the investment arm of the Mansour Group.
This is the Mansour Group’s first investment in an Indian start-up.
Last November, the firm raised $1 million from Girnar Software Pvt. Ltd, the parent company of classified sites CarDekho and BikeDekho.
CollegeDekho, which helps connect students with prospective colleges and makes searching for colleges and courses across the country easier, said it would use the funding to invest in technology, and in hiring and marketing activities.
“We launched CollegeDekho.com with an aim to fundamentally change and improve the journey of college selection process for students. All this has been enabled through our dedicated focus on building a robust service network as well as better unit economics and revenue streams. The latest funding received from Man Capital is a stamp of approval to our approach," said Ruchir Arora, chief executive officer, CollegeDekho, in a statement.
“India is one of the important start-up hubs of the world. As such, we were on the lookout for an Indian venture that was not only a pioneer in its segment, but also had the potential to become a global leader in the near future. We believe that CollegeDekho.com, with its tech-oriented approach and disruptive impact on the country’s higher education landscape, ticked all the right boxes," said Loutfy Mansour, CEO, Man Capital.
